U.S. Steel posts muted quarterly results amid Nippon deal snag

Activist investor Ancora is looking to oust American company's CEO

20250131 U.S. Steel file photo

U.S. Steel's Gary Works in Indiana. The company is attempting to salvage an around $15 billion sale to Nippon Steel and navigate rivals Cleveland-Cliffs and Nucor vying for a shot at a takeover. © Reuters

(Reuters) -- U.S. Steel reported a fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment.

The industry has been struggling, as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports.

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