Shares of United States Steel fell Tuesday after President-elect Donald Trump reiterated his opposition to a buyout of the company by Japanese steel maker Nippon Steel.U.S. Steel stock dropped 8%, closing at $37.

With lacking growth and the deal off the table, investors should expect U.S. Steel to trade back to the mid-$20 range or lower.

US Steel's stock price was down more than 7% in premarket trading on Tuesday morning after President-elect Donald Trump repeated a vow to block the company's takeover by Nippon Steel. Trump said he was "totally against" the plan. "I will block this deal from happening," Trump said in a post on his Truth Social account. "Buyer Beware!!!"