X - United States Steel Corporation

NYSE - NYSE Delayed Price. Currency in USD
20.87
-0.63 (-2.93%)
At close: 4:02PM EST

20.89 +0.02 (0.10%)
After hours: 7:06PM EST

Stock chart is not supported by your current browser
Previous close21.50
Open21.12
Bid20.83 x 800
Ask20.91 x 1300
Day's range20.38 - 21.15
52-week range17.09 - 47.64
Volume10,291,424
Avg. volume8,063,217
Market cap3.7B
Beta (3Y monthly)3.53
PE ratio (TTM)5.46
EPS (TTM)3.82
Earnings date30 Jan 2019
Forward dividend & yield0.20 (0.94%)
Ex-dividend date2018-11-08
1y target est31.06
Trade prices are not sourced from all markets
  • GlobeNewswire4 hours ago

    U. S. Steel Launches Informational Website for Mon Valley Community Following Clairton Fire

    PITTSBURGH, Jan. 22, 2019 -- United States Steel Corporation (NYSE: X) has established a dedicated website to provide information to the community following a fire at the.

  • Multilateral or Unilateral: What’s the Best Way to Counter China?
    Market Realist12 hours ago

    Multilateral or Unilateral: What’s the Best Way to Counter China?

    Multilateral or Unilateral: What’s the Best Way to Counter China?China US President Donald Trump has taken a tough stance on the country’s massive trade deficit with China. The Trump administration went ahead with tariffs on Chinese goods

  • Can Cleveland-Cliffs’ Valuation Catch Up to Its Fundamentals?
    Market Realist13 hours ago

    Can Cleveland-Cliffs’ Valuation Catch Up to Its Fundamentals?

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong major US (SPY) steel stocks (XME), U.S. Steel (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA

  • What Analysts Think about CLF Stock in 2019
    Market Realistyesterday

    What Analysts Think about CLF Stock in 2019

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Analyst sentiment Many analysts turned positive on Cleveland-Cliffs (CLF) stock in 2018. While at the beginning of March 2018, only 30% of the analysts

  • China’s Steel Demand Indicators Point to More Downside
    Market Realistyesterday

    China’s Steel Demand Indicators Point to More Downside

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Demand indicatorsChina is introducing more stimulus into the economy to arrest the slowdown. Over the last few months, we’ve seen a flurry of soft economic

  • Can US Steel Production Continue to Favor CLF Stock in 2019?
    Market Realist4 days ago

    Can US Steel Production Continue to Favor CLF Stock in 2019?

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)US steel productionDomestic steel production is one of the major demand drivers for Cleveland-Cliffs’ (CLF) iron ore pellets. Therefore, in this part,

  • Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?
    Market Realist4 days ago

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?

    Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?US steel stocks surge after a tough year US steel stocks had a weak 2018 despite the Trump administration’s tariffs on imported steel products. However, after a rough 2018, US steel

  • U.S. Steel Corporation: Investors Are Bullish
    Market Realist4 days ago

    U.S. Steel Corporation: Investors Are Bullish

    US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)U.S. Steel CorporationU.S. Steel Corporation (X) is scheduled to release its fourth-quarter earnings on January 30. The company would hold its earnings call the next day. The

  • AK Steel: Analysts Could Be Right in 2019
    Market Realist5 days ago

    AK Steel: Analysts Could Be Right in 2019

    US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)Analysts could be right AK Steel (AKS) is scheduled to release its fourth-quarter earnings on January 28 after the markets close. The company would hold its earnings call the

  • Nucor or Steel Dynamics: Which Stock Do Analysts Prefer?
    Market Realist5 days ago

    Nucor or Steel Dynamics: Which Stock Do Analysts Prefer?

    US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)NucorSteel Dynamics (STLD) is scheduled to release its fourth-quarter earnings on January 22. Nucor (NUE), the largest US-based steel producer, is scheduled to release its

  • US Steel Stocks: Analysts’ Expectations in 2019
    Market Realist5 days ago

    US Steel Stocks: Analysts’ Expectations in 2019

    US Steel Stocks: Analysts' Expectations in 2019Analysts Overall, 2018 was nothing short of a nightmare for US steel stocks. U.S. Steel Corporation (X) and AK Steel (AKS) fell 48.2% and 60.2%, respectively. Nucor (NUE) fell 18.5%, while

  • Reuters7 days ago

    RPT-U.S. union boss heads to oil contract talks after win for steelworkers

    Buoyed by concluding a big pay raise for steel workers last month, a United Steelworkers union top negotiator squares off on Wednesday against oil companies seeking to win a 24 percent wage hike for 30,000 refinery and chemical employees. The stakes are high for the union and oil industry, which scored big profits last year from refining and chemicals. The talks are the first since 2015 when a stalemate led to rolling strikes that sent more than 7,000 workers off their jobs at 12 U.S. refineries and three chemical plants.

  • How to Counter China: Steel Could Show the Way
    Market Realist8 days ago

    How to Counter China: Steel Could Show the Way

    China’s Trade Surplus Surges Higher under Trump’s Watch(Continued from Prior Part)ChinaChina (FXI) exported 5.56 million metric tons of steel in December, a yearly fall of 1.9%. However, exports rose 4.5% on a month-over-month basis. China’s

  • Deckers, United States Steel, Netflix and Roku highlighted as Zacks Bull and Bear of the Day
    Zacks8 days ago

    Deckers, United States Steel, Netflix and Roku highlighted as Zacks Bull and Bear of the Day

    Deckers, United States Steel, Netflix and Roku highlighted as Zacks Bull and Bear of the Day

  • Is U.S. Steel’s Low Valuation a Value Trap?
    Market Realist11 days ago

    Is U.S. Steel’s Low Valuation a Value Trap?

    In this article, we’ll do a comparative analysis of steel companies’ valuations based on forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization). U.S. Steel (X) has a forward EV-to-EBITDA of 2.9x its 2019 consensus EBITDA and 3.4x its 2020 consensus EBITDA. The stock’s forward valuation multiples are the lowest among the steel stocks that we’re covering in this series.

  • CLF: Why Jim Cramer Is Worried about This ‘Best-in-Show’ Stock
    Market Realist11 days ago

    CLF: Why Jim Cramer Is Worried about This ‘Best-in-Show’ Stock

    CLF: Why Jim Cramer Is Worried about This 'Best-in-Show' Stock ## Jim Cramer: CLF is ‘Best-in-Show’ company Yesterday, Jim Cramer, the Mad Money host, answered caller’s questions regarding Cleveland-Cliffs (CLF) stock. He said, “The company’s best in show, but I’ve got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don’t think they’re going to in the near future, but I’ve got to tell you, it makes me nervous.” ## Fed’s rate hike chances bleak On January 4, Fed Chair Jerome Powell said that the Fed could be more patient with its policy stance if needed. Yesterday, he again stressed that the Fed could be patient while approving further hikes, as it continues to monitor the gauges of the US economy (SPY). These two back-to-back appearances from the Fed chair with dovish statements have assured markets that the Fed will not take any surprise action on rate hikes. The markets have been quite relieved with this stance from the Fed as well as from the recently concluded US-China trade talks. ## Cleveland-Cliffs’ fundamentals While Cleveland-Cliffs stock rose by 6.7% in 2018, it plunged 39% in the last quarter alone. This, however, had more to do with the overall risk-off sentiment and the slowdown concerns of China rather than anything related to CLF itself. As compared to CLF’s positive price action, its US peers (DIA) (IVV), AK Steel (AKS), U.S. Steel (X), ArcelorMittal (MT), Steel Dynamics (STLD), and Nucor (NUE) reported returns of -60%, -48%, -36%, -30%, and -18%, respectively, for 2018. Cleveland-Cliffs’ fundamentals have been improving since its new management took over in 2014. Its non-core assets have sold off with the seaborne operations being the last, which took a lot of volatility out of the stock. Its debt concerns have been laid to rest. Moreover, the company is solidly marching on its growth path with the ongoing construction of an HBI (hot briquetted iron) plant. As we argued in Why Now Might Be a Good Time to Look Again at Cleveland-Cliffs, CLF is attractively valued based on its multiple relative to its peers and its historical valuation. See Revisiting the Case: How Does Cleveland-Cliffs Look Now? for an in-depth analysis of CLF’s fundamentals and valuations.

  • China’s Slowdown Could Be the Biggest Risk for Steel in 2019
    Market Realist11 days ago

    China’s Slowdown Could Be the Biggest Risk for Steel in 2019

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## China’s slowdown China is the world’s largest steel producer, consumer, as well as exporter. Over the last few months, we’ve seen a flurry of soft economic data from China (FXI). From the perspective of steel companies (MT), the slowdown has been quite significant in the real estate and automotive sectors, which happen to be the two largest steel end consumers. ## Stimulus While China has been talking about monetary and fiscal policy initiatives to lift its economy, it has shied away from stimulus for the housing and automotive sectors. As for the housing sector, it seems quite unlikely that China would look at a specific package, as the country has been trying to address property speculation. However, a relief package for the automotive sector might still be expected. In 2015 also, China had lowered its purchase tax on cars to provide a boost to sagging vehicle sales. The purchase tax was gradually increased and was restored at the original level of 10% last year. ## Demand As Chinese steel demand has faltered, Chinese steel prices have come under pressure. Falling Chinese steel prices have had a domino effect on global as well as US steel prices. Now, while China’s slowdown is a known factor, the steps taken by China to bolster its economy could drive steel prices this year. Investors in US steel and iron ore companies like U.S. Steel (X), AK Steel (AKS), and Cleveland-Cliffs (CLF) should closely follow the policy steps taken by the Chinese government including its supply-side reforms. Meanwhile, even with the known headwinds, US steel stocks might look attractive from a valuation standpoint. We’ll discuss this more in the next and final article. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019?

  • Would Trump Sacrifice Steel Tariffs for Broader Trade Deals?
    Market Realist12 days ago

    Would Trump Sacrifice Steel Tariffs for Broader Trade Deals?

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## Steel tariffs Last year, President Trump imposed a 25% tariff on US steel imports that helped lift US steel prices to multiyear highs. The Trump administration has already granted Section 232 exemptions to some countries including Brazil and South Korea. The United States renegotiated its trade deal with South Korea last year. ## Negotiation tactic The Trump administration has indicated that Section 232 tariffs have helped bring other countries to the negotiating table. Section 232 exemptions could be extended to other countries also, as the Trump administration moves forward on new trade deals. While the Section 232 exemptions could be negative for US steel companies like U.S. Steel (X), AK Steel (AKS), and Nucor (NUE), we should remember that Trump has stood firm on his support to the US steel industry (SPY). ## Quotas While South Korea has been granted a long-term exemption from the Section 232 tariffs, the country agreed to a quota to get the exemption. In the case of Canada and Mexico, while the countries have agreed to the new USMCA, they are still covered under Section 232 tariffs. The Trump administration has been pushing for quotas below the current level of imports. As some countries like Canada haven’t agreed to quotas, they haven’t been granted Section 232 exemptions even after a new trade deal. This year, we could see the Trump administration move forward on some new trade deals. We could see quotas be imposed for Section 232 exemptions. US steel companies wouldn’t mind the exemptions much if the quotas are reasonably below the current import levels. China’s slowdown could be another key driver for US steel and iron ore companies this year. We’ll discuss this in detail in the next article. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019?

  • Are Steel Oversupply Concerns Unfounded?
    Market Realist12 days ago

    Are Steel Oversupply Concerns Unfounded?

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## Steel oversupply Some observers have pointed out that US steel markets could witness oversupply that could depress prices. To be sure, we saw a plant restart by U.S. Steel (X) last year. Nucor (NUE) and Steel Dynamics (STLD) have announced a slew of new projects that would add to US steel production capacity. But are US steel markets staring at an oversupply situation? Let’s discuss this in perspective. ## Section 232 tariffs To be sure, US steel production has been on an uptrend after President Trump imposed Section 232 tariffs in March. Last year, US steel production rose 6.2% year-over-year. In absolute terms, US steel production rose ~5.5 million tons. The calculations are based on the American Iron and Steel Institute’s weekly steel production data until December 29. Meanwhile, while US steel production has risen, it has been accompanied by falling imports. According to the Census Bureau’s final data, US steel imports fell by 3.2 million tons in the first nine months of 2018 as compared to the corresponding period in 2017. Preliminary data showed a small rise in October imports. Imports likely fell in November and December as well. However, the November steel imports data is yet to be published due to the government shutdown. Nonetheless, as of now, higher steel production doesn’t seem to be a problem for US steel markets (AKS), as it’s leading to import substitution. However, if the Section 232 tariff is watered down, we could see an increase in imports. We’ll discuss this in detail in the next article. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019?

  • What Should US Steel Investors Watch Out for in 2019?
    Market Realist12 days ago

    What Should US Steel Investors Watch Out for in 2019?

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## US steel investors 2019 has started on a positive note for US steel stocks like U.S. Steel (X), Nucor (NUE), and AK Steel (AKS). In this article, we’ll see what US steel investors should watch out for this year after a strong start to the year. ## Domestic factors The demand-supply equation could be a key driver of US steel prices (MT). Over the last couple of months, US steel demand indicators, particularly from the housing and automotive sectors, have shown signs of moderating growth. On the supply side, US steel production has been on an uptrend on domestic capacity restarts. So far, incremental supply hasn’t negatively impacted the supply situation, as it has been accompanied by a fall in imports. However, it will be crucial to see how the imports situation unfolds this year. ## China Steel investors (CLF) are also closely watching China’s slowdown. Chinese steel prices came under pressure last year amid weak demand from the real estate and automotive sectors. The steps taken by the Chinese government to arrest the growth slowdown could impact Chinese as well as US steel prices. This year, we could see the Trump administration move forward on new trade deals. This could also mean Section 232 exemptions for more countries. From steel companies’ perspective, it would be crucial that the exemptions are accompanied with a quota. Finally, Trump’s policies on the proposed infrastructure investments could be a key driver for steel companies this year. We’ll discuss these drivers in detail in the coming articles. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 4 - Are Steel Oversupply Concerns Unfounded?

  • Are We Seeing a Typical Dead Cat Bounce from Steel Stocks?
    Market Realist13 days ago

    Are We Seeing a Typical Dead Cat Bounce from Steel Stocks?

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? As noted in the previous article, steel stocks are having a strong run in 2019. Last year, steel stocks had a terrible time and U.S. Steel (X) and AK Steel (AKS) fell 48.2% and 60.2%, respectively.

  • Steel Companies’ 2019 Outlook: Can the Winning Streak Continue?
    Market Realist13 days ago

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue?

    Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? ## Steel companies’ 2019 outlook US steel companies are having a good run so far in 2019. Steel stocks that fell sharply last year have seen upwards price action in the first week of 2019. U.S. Steel (X) and AK Steel (AKS) have risen 13.5% and 19.5% YTD, respectively, based on their closing prices on January 8. Nucor (NUE) and Steel Dynamics (STLD), which seem to be set for record 2018 earnings, have seen an upwards price action of 6.6% and 9.6% so far. Cleveland-Cliffs (CLF), which supplies iron ore to US steel companies, is up 11.3%. ## Broader markets So far steel stocks are outperforming broader equity markets (SPY). In December 2018, steel stocks hit their 52-week lows amid the plunge in broader markets. So, is the current uptrend sustainable, or are the gains a typical dead cat bounce that we see in beaten-down stocks? We’ll discuss this question in detail in this series. We’ll also do a detailed analysis of steel companies’ 2019 outlook, which could help us understand what lies ahead for the sector. ## President Trump Meanwhile, President Trump’s love for steel has continued in 2019 as well. Last year, Trump imposed tariffs on US steel imports that helped catapult US steel prices to multiyear highs. Now, Trump is proposing that the wall on the Mexican border could be made of steel, which could potentially lift US steel demand by ~3 million tons according to the American Iron and Steel Institute. Continue to Next Part Browse this series on Market Realist: * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019? * Part 4 - Are Steel Oversupply Concerns Unfounded?

  • Your first trade for Wednesday, January 9
    CNBC13 days ago

    Your first trade for Wednesday, January 9

    The "Fast Money" traders share their first moves for the market open.

  • GlobeNewswire14 days ago

    U. S. Steel Conference Call Available on Company Website

    PITTSBURGH, Jan. 08, 2019 -- United States Steel Corporation (NYSE: X) announced today that interested stockholders, investors and others may listen to the company’s fourth.

  • Why United States Steel, Nucor Corporation, and the Rest of the U.S. Steel Sector Got Slammed in December
    Motley Fool14 days ago

    Why United States Steel, Nucor Corporation, and the Rest of the U.S. Steel Sector Got Slammed in December

    December was a very bad month for U.S. steelmakers, even though the good times aren't over just yet.