What's Going On With United States Steel Stock?

United States Steel Corporation X shares are trading lower Tuesday. The stock has pulled back following its rise on Monday.

What To Know: Shares of U.S. Steel rose on Monday following the company's rejection of Cleveland-Cliffs' CLF offer to acquire 100% of the company for $17.50 per share in cash and 1.023 shares of Cleveland-Cliffs stock.

Later that day, Esmark Inc. announced an all-cash public offer for U.S. Steel shares for $35 per share.

The stock may also be down amid weakness in the broader metals sector following weak economic data out of China, which could pressure the demand outlook for steel. 

On Tuesday, U.S. Steel stock has pulled back over 1.50% from Monday's move.

Related Link: From Under-Appreciated Stock To Leading Aerospace Player By 2025: Analyst Elevates Hexcel's Outlook

X Price Action: Shares of X were down 1.34% at $30.67 at the time of publication, according to Benzinga Pro.

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