How & where to buy U.S. Steel stock after its partnership with Norway’s Equinor?

U.S. Steel Corp (NYSE: X) said on Tuesday it was partnering with Norway’s Equinor to explore clean hydrogen production and carbon capture and storage (CCS) technologies. According to U.S. Energy Secretary Jennifer Granholm, hydrogen offers an alternative to the oil and gas industry to cut back on greenhouse emissions. Coupled with CCS, it can also decarbonize the steel industry.

If you see US Steel’s latest announcement as a catalyst that could push the stock higher, now would be a good time to buy US Steel stock. If you are new to investing, here’s a quick quide on how you can buy U.S. Steel shares online.

Where and how to buy U.S. Steel shares?

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Will U.S. Steel stock rise?

US Steel stock is around higher by 40% from where it started at the beginning of the year. This begs the question if shares of US Steel have room to run higher throughout the back half of 2021 and beyond.

The company’s Tuesday announcement could give shares of X momentum as it touches on one of the hottest themes in investing: ESG. ESG is short for environmental, social, and governance. Specific to US Steel, the company is signaling a willingness to adopt more environmentally friendly business practices. This could open the company up to a new group of investors that only focused on companies with stellar ESG records.

From a more fundamental persecptive, the World Steel Association said in an April report that global demand for steel will improve from a decline of 0.2% in 2020 to 5.8% growth in 2021. The momentum will continue into 2022 with global steel demand forecasted to grow a more normalized 2.7%.