In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the drama with U.S. Steel (X 1.30%) and its attempts to find a buyer in the face of its deal with Nippon Steel (NPSC.Y 0.75%) being challenged by the U.S. government, a standing offer from Cleveland Cliffs (CLF -0.85%), an activist investor pushing for a new CEO, and peers Nucor (NUE 0.40%) and Steel Dynamics (STLD -1.54%) better positioned for a cyclical steel market.

*Stock prices used were from the afternoon of Jan. 29, 2025. The video was published on Feb. 1, 2025.