Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel's proposed bid to buy U.S. Steel for nearly $15 billion. President Joe Biden blocked the deal just before leaving office and Trump had vowed to do the same in previous months.

Key Takeaways Shares of U.S. Steel surged more than 14% Monday after the White House ordered the company's blocked acquisition by Nippon Steel to be reviewed.President Donald Trump told the Committee on Foreign Investment in the U.

President Donald Trump ordered the Committee on Foreign Investment in the United States to conduct a new review of the U.S. Steel deal. President Joe Biden blocked the proposed $14.9 billion deal in January.