In a letter to shareholders, U. S. Steel said it has received significant interest from multiple credible buyers and is evaluating all options.  

“We are highly focused on running a fair and competitive process to maximize stockholder value and mitigate transaction execution risk,” the company wrote. “While we don’t know how long the process will take, the board of directors, management team and outside advisors are moving quickly to complete it, all while focused on driving maximum value.”