U.S. Steel (X) Stock Update: Granite City Restart, Fitch Rating and Nippon Steel’s 2026 Outlook
U.S. Steel, now a Nippon Steel subsidiary, delisted from NYSE on June 18, 2025, after a $14.9 billion buyout at $55 per share. The company will restart a blast furnace at Granite City Works in Illinois and hire about 400 workers to meet 2026 demand. Fitch affirmed its ‘BBB‑’ credit rating, citing support from Nippon Steel. The U.S. government holds a “golden share” with veto power over key decisions.
