Shares of steelmaker U.S. Steel (NYSE: X) have surged in 2023 on word that the board is exploring a potential sale, and a reported bid from Cleveland-Cliffs (NYSE: CLF) worth over $7.1 billion. In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss whether it's a buy now, as well as alternative stocks to consider, including Nucor (NYSE: NUE), Cliffs, and Steel Dynamics (NASDAQ: STLD).
*Stock prices used were from the morning of Oct. 18, 2023. The video was published on Oct. 24, 2023.
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Jason Hall has positions in Steel Dynamics. Tyler Crowe has positions in Cleveland-Cliffs and Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
