U.S. Steel deal ‘major positive’ for ArcelorMittal, says JPMorgan
JPMorgan analyst Dominic O’Kane believes Nippon Steel (NPSCY) receiving approval for acquiring U.S. Steel (X) (STLD) could have “significant, positive consequences” for ArcelorMittal (MT). Under the terms of an October 2024 contract, Mittal will acquire …