14.13 +0.16 (1.18%)
Pre-market: 8:36AM EDT
|Bid||14.13 x 3000|
|Ask||14.20 x 800|
|Day's range||13.32 - 14.17|
|52-week range||11.67 - 38.89|
|Beta (3Y monthly)||2.58|
|PE ratio (TTM)||2.15|
|Earnings date||30 Jul 2019 - 5 Aug 2019|
|Forward dividend & yield||0.20 (1.69%)|
|1y target est||17.38|
U.S. Steel says it has resumed normal operations at its coke plant outside Pittsburgh after fire knocked out an air pollution control system. The company said in a statement late Monday that it has completed repairs at the Clairton coke plant following a small electrical fire almost 16 hours earlier. U.S. Steel says equipment used to remove sulfur dioxide is now working again.
In a story June 17 about a fire at U.S. Steel's Pennsylvania coke plant, The Associated Press reported erroneously the impact of the mishap on the neighborhood's air quality. The company said air monitoring equipment indicated that sulfur dioxide levels did not exceed emissions limits around the plant through Monday afternoon. The second fire in six months at U.S. Steel's massive coke plant outside Pittsburgh knocked a key pollution control system offline for nearly 16 hours Monday, prompting a health warning for residents and stern words from the region's top elected official.
In its Section 232 steel probe, the Commerce Department pointed to the high steel import to export ratio. It emphasized the subsidized steel in other countries that makes US steel exports to those countries uncompetitive. Now, while US steel imports have fallen after the Section 232 tariffs, we’ve seen a steeper fall in US steel exports.
When it recommended Section 232 steel tariffs, the Commerce Department highlighted certain issues such as the fact that the US steel industry’s capacity utilization rate was below 80%, which is not sustainable. Now, 15 months into the tariffs, the Commerce Department seems to have achieved its objective, as the US steel industry has operated above the 80% utilization rate almost consistently over the last year.
One of the largest U.S. producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. At a chief competitor, DS Containers, the story is different. The U.S. Commerce Department granted DS Containers an exemption from the import tax because it uses a raw material, plastic-laminated steel, that isn't produced by U.S. steelmakers.
J.P. Morgan's head quant said a U.S.-China trade deal could head off a "Trump recession" and ignite a powerful rally in value and high beta stocks.
Which Steel Stocks Look Interesting after the Fall?Steel stocks Steel stocks saw a selling spree in May. All of the leading US steel producers like U.S. Steel Corporation (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) hit their 52-week
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon(Continued from Prior Part)Economy is fantasticDuring his interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, also talked about the US economy. He
Why CLF’s CEO Sees a Big Upswing in US Steel Prices SoonCLF’s CEO sees an upswing in US steel pricesCleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, believes that US steel prices should see a big upswing in the next few months. He told S&P
Another analyst downgraded shares of U.S. Steel to Sell. Views of the steelmaker are so downbeat, it might be time to consider picking up the stock.
Investing.com - United States Steel rallied on Tuesday despite Goldman Sachs downgrading the company and warning that the backdrop for the steel industry is flimsy amid "materially" lower steel prices.
How Are US Steel Producers Positioned in Q2?(Continued from Prior Part)Average selling pricesUS steel prices rose to multiyear highs in the first half of 2018. However, steel prices pared some of their gains in the second half of the year. Falling
How Are US Steel Producers Positioned in Q2?US steel producersWe’ve seen a selling spree in US steel stocks in the second quarter. While 2019 started off well for steel stocks, investors have turned bearish on the sector amid the escalating
U.S. Steel Recovers from Three-Year Low: Is It a Dead Cat Bounce?U.S. Steel stockU.S. Steel (X) and other steel players including AK Steel (AKS) and Nucor (NUE) are trading with sharp gains today. Interestingly, steel stocks are in the green even as
U.S. Steel (X) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel pricesWhile domestic fundamentals improved after tariffs were imposed, weaker spot steel prices took hold shortly thereafter, which is driving the
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel productionMajor US steelmakers such as AK Steel (AKS) are Cleveland-Cliffs’ (CLF) customers. Domestic steel demand is one of the major drivers for
Wall Street is abandoning the steel sector. Deutsche Bank downgraded shares of U.S. Steel, Steel Dynamics and Nucor.
More Downgrades Hit US Steel Stocks as Prices PlungeUS steel stocksUS steel prices have fallen sharply this year. Prices had surged to multiyear highs in the first half of 2018 after President Trump imposed Section 232 tariffs. However, US steel
Are Trade Wars Easy to Win? Lessons from the Steel Industry(Continued from Prior Part)US steel stocksLast week, several US steel stocks, including U.S. Steel (X), AK Steel (AKS), and Steel Dynamics (STLD), reached 52-week lows. All leading steel
Can Dalio's Bridgewater Repeat Its Outperformance in 2019?(Continued from Prior Part)Dalio’s steel stock exitsFor Ray Dalio’s Bridgewater Associates, the notable exits during the first quarter included U.S. Steel Corporation (X). The fund sold