United States Steel Corp

U.S. Steel Corporation (NYSE:X), Nucor (NYSE:NUE), and Steel Dynamics (NASDAQ:STLD) have released their second-quarter guidance and outlook.

Earlier this week, US steel stocks rose sharply amid reports that the Trump administration is weighing a $1 trillion infrastructure stimulus plan.

U.S. Steel Corporation (NYSE:X) was 27th among global steel producers last year. The company’s rank has slipped gradually over the years.

In 2020, China is a ray of hope for the global steel industry. China has recovered fast from the pandemic. The recovery has been V-shaped.

UBS is bearish on US steel stocks. Last week, UBS lowered Steel Dynamic’s target price from $43 to $32 and Nucor’s target price from $56 to $39.

U.S. Steel Corporation, Nucor, and ArcelorMittal announced a price hike earlier this month. US steel prices fell to multiyear lows amid COVID-19.

U.S. Steel Corporation (NYSE:X) released its first-quarter earnings on Thursday after the markets closed. The earnings were better than expected.

The earnings season is in full swing. This week, Nucor (NYSE:NUE) and U.S. Steel Corporation (NYSE:X) will likely release their first-quarter earnings.

Steel Dynamics should report its first-quarter earnings after the markets close today. Other US steel companies’ earnings will follow in the coming weeks.

US steel prices have come under pressure this month following weakness in other industrial metals. The worst might not be over for industrial metals.

US steel production data reflect the impact of COVID-19. In the week ending April 4, production fell by 18.9% compared to the same period in 2019.

U.S. Steel Corporation (NYSE:X) has been under pressure due to the coronavirus, falling crude oil prices, and a weak balance sheet.

So far, the US steel industry has faced a double whammy—the coronavirus and lower crude oil prices. The energy sector’s steel demand might crater this year.

U.S. Steel’s current round of layoffs isn’t due to coronavirus. The company is idling its tubular facilities that produce steel for the energy industry.

U.S. Steel Corporation has been in a free fall this year. The stock is trading at all-time lows. Recently, X has been hitting new lows.

U.S. Steel Corporation (NYSE:X) stock fell to historical lows on Monday. Also, the company’s market capitalization fell below $1 billion.

The US steel industry wants more tariff protection from the Trump administration. In 2018, President Trump imposed a 25% tariff on US steel imports.

Cleveland-Cliffs (NYSE:CLF) stock is trading near its 52-week lows amid the coronavirus scare. The outbreak has impacted the Chinese steel industry.

Based on Monday’s closing prices, U.S. Steel (NYSE:X), Nucor (NYSE:NUE), and Cleveland-Cliffs (NYSE:CLF) have lost 28%, 24%, and 29%, respectively, in 2020.

Cleveland-Cliffs and U.S. Steel Corporation stocks have fallen this week amid the broader market sell-off. The sector barely recovered from the trade war.

Domestic mills blame China for the domestic industry’s woes. However, China only exported about 24,000 metric tons of steel to the US last month.

US steel companies’ stock prices have fallen this year amid the coronavirus scare. Concerns about the coronavirus hit the Chinese economy.

U.S. Steel stock made an intraday low of $8.65 on Tuesday before closing marginally higher for the day. The level was a new 52-week low for the stock.

US steel imports fell sharply in December. In 2019, imports fell to the lowest level since 2010. However, the fall hasn’t helped U.S. Steel stock.

U.S. Steel Corporation (X) fell sharply in 2018 and 2019. So far, 2020 hasn’t been any better for the stock. The stock has lost almost 8% as of January 17.

Recent research has found that Donald Trump’s tariffs have been almost entirely passed onto US consumers—except for his steel tariffs.

Overall, 2019 was a mixed year for US steel stocks. However, due to the rally in the fourth quarter, most stocks managed to close the year with gains.

U.S. Steel stock (X) has underperformed peers so far in 2019. Notably, it’s the only leading US steel name that’s trading with a YTD (year-to-date) loss.

US Commerce Secretary Wilbur Ross defended President Donald Trump’s Section 232 steel and aluminum tariffs in a recent interview.

Stock valuation is both an art and a science. We’ll look at some advanced valuation concepts, drilling down into the “art” part of valuing stocks.

Today, the World Steel Association released its November global steel production data, which showed that production was down 1.0% year-over-year.

On Thursday, U.S. Steel (X) provided its fourth-quarter earnings guidance. The company expects to post an adjusted EBITDA of -$25 million.

In this overview article, we’ll see how analysts are rating the leading steel stocks, and we’ll also compare performance from the top five steel companies.

US steel stocks have been on fire in the fourth quarter and have outperformed the broader markets. However, they’re still far below last year’s highs.

The USMCA (United States–Mexico–Canada Agreement) was signed last year. However, only Mexico has ratified the agreement so far.

For a long time, US steel producers blamed Chinese steel exports for depressing prices. However, Chinese exports have fallen sharply this year.

Apart from all of the synergies and strategic rationales, CLF’s current management team, especially Goncalves, might be the X factor for the transaction.

Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.

Today, Cleveland-Cliffs (CLF) announced that it was buying AK Steel (AKS), a flat rolled steel producer that supplies mainly to the automotive sector.

President Trump tweeted that the Section 232 steel and aluminum tariffs would be restored for Brazil and Argentina. Could this Santa Claus rally continue?

Yesterday, the World Steel Association released data that showed global steel production falling YoY (year-over-year) in October.

Cleveland-Cliffs (CLF) stock has risen 12.7% this month. The stock has risen 9.2% YTD (year-to-date) based on its closing prices on Tuesday.

Based on yesterday’s closing prices, U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) were up 20.2%, 14.8%, and 3.8%, respectively, this month.

Cleveland-Cliffs (CLF) and U.S. Steel (X) stocks have underperformed markets this year. However, U.S. Steel has been strong in November.

There have been reports of several layoffs in the US steel industry this year, in contrast to last year’s news of plant restarts and new plants.

In today’s Get Real, we saw Apple Watch’s performance and another loss for Boeing. Plus, Google’s Fitbit acquisition faces scrutiny from the EU.

Cleveland-Cliffs (CLF) and U.S. Steel (X) are in the red this year. As we head into the 2020 election, both companies desperately need another “Trump effect.”

CLF and U.S. Steel Corporation are looking at electric arc furnaces, whose variable cost dynamics make them suitable for the cyclical steel industry.

AT&T stock is prospering, while Netflix’s problems could be rising. We also have the latest earnings including U.S. Steel and Chevron today.

Citi is bearish on iron ore and steel prices, expecting bad news for Cleveland-Cliffs (CLF) and US steel companies. This year, CLF stock is trading almost flat.

U.S. Steel stock (X) is trading with sharp gains today after the company released its Q3 earnings. Here’s why the market is so optimistic about X.

AK Steel (AKS) reported its third-quarter earnings on Wednesday in after-market trading. The stock fell sharply during trading on Thursday.

AK Steel (AKS) stock was trading deep in the red in after-market trade on Wednesday. Based on the YTD price action, the stock is outperforming its peers.

U.S. Steel’s third-quarter earnings are scheduled for today after the markets close. The company’s third-quarter profitability could fall sharply.

AK Steel’s Q3 earnings are expected today after the markets close. The company will hold its earnings call on Thursday. The stock might be volatile.

Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.

Analysts weren’t impressed with Cleveland-Cliffs’ third-quarter earnings. On Thursday, J.P. Morgan lowered its target price from $8 to $7.

Domestic prices have plunged to a three-year low. However, US steel companies are calling it a bottom now in terms of pricing.

Trump imposed a 25% tariff on US steel imports in 2018, and he recently doubled Turkey’s Section 232 tariffs to 50%. Will this really help?

US steel tariffs have been a pawn in the broader game. In order to get a bigger trade deal, the US looked amenable to relaxing the tariffs.

US steel stocks spiked on Friday as trade deal optimism lifted equity markets. Metals and mining stocks were the biggest gainers in Friday’s trade.

Will President Trump lift the steel tariffs like President Bush? President Trump’s steel tariffs will likely remain due to his support base.

U.S. Steel announced a new organizational structure and operating model. Will the company’s latest transformational steps help it tide the weak market?

Moody’s turned bearish on the US steel sector and downgraded the sector’s outlook from stable to negative. However, US steel stocks have been largely stable.

Trump has claimed that the US steel sector was “thriving” under his administration. However, steel stocks have looked weak.

The bottom line is that steel prices are weaker due to global weakness and tepid US demand. President Trump’s trade war has impacted steel prices.

Today, U.S. Steel announced that it would acquire a 49.9% stake in Big River Steel. The stock is trading sharply higher today after the announcement.

Preliminary data showed that US steel imports fell sharply in August after the spike in July. However, falling imports haven’t restored investor sentiments.

JPMorgan Chase analyst Michael Gambardella downgraded US steel stocks. Gambardella had been bullish on US steel stocks even when Wall Street turned bearish.

US steel stocks have been volatile this year. September started on a strong note for steel stocks. However, the stocks were weak last week.

Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it’s up 6.4%.

This week, three leading US steel companies provided their third-quarter earnings guidances. All these guidances were lower than analysts were expecting.

Last month, Trump claimed that the US steel industry is “thriving.” With US steel companies set to release their guidance, we may see if Trump is right.

US steel stocks are flying high this month. U.S. Steel Corporation (X) has gained 19.5% so far, while AK Steel (AKS) is up 31.0%.

US steel stocks are rising today on multiple factors. There’s rising optimism over a US-China trade deal, and Chinese steel exports plummeted in August.

US steel stocks have been strong in September amid the trade war de-escalation. U.S. Steel and AK Steel are up 4.8% and 6.0%, respectively, this month.

Today, the Bureau of Labor Statistics released the US non-farm payroll data for August. The US economy added fewer-than-expected jobs last month.

Cleveland-Cliffs, Inc (CLF) stock is having a roller coaster ride in 2019, as well as its US steel peers. CLF’s stock declined by 25.5% in August.

For the metals and mining industry, good news has been tough to come by this year. On Tuesday, Moody’s downgraded U.S. Steel’s credit rating by one notch.

US steel imports rose sharply in July. However, if we look beyond the headlines, we may find that things aren’t as bleak as they seem.

According to Buffett, “Americans will be both more prosperous and safer if all nations thrive.” His words might be especially prophetic for US steel companies.

Several leading brokerages have taken a bearish view of US steel stocks. All leading steel stocks are trading with year-to-date losses.

The US steel industry might have plenty of bad news for President Trump. New investments have been put on hold. There have been some layoffs as well.

On Wednesday, Jefferies lowered U.S. Steel’s (X) target price from $16 to $14. Jefferies also lowered the target price in July.

In a regulatory filing, U.S. Steel announced layoffs. Last week, President Trump claimed that the US steel industry is “thriving” due to his tariffs.

Last week, US President Donald Trump said at a rally that the US steel industry was “thriving” under his presidency. Is he right?

US steel stocks have risen sharply on Tuesday. The Trump administration has delayed the tariffs on some Chinese products until December.

US steel players see higher Chinese steel exports as a major challenge. While Chinese steel exports have moderated, US steel stocks continue to drop.

U.S. Steel Corporation released its second-quarter results last week. Though its earnings were better than expected, it saw a selling spree.

On Thursday, U.S. Steel released its Q2 earnings after the markets closed. Notably, U.S. Steel’s Q2 earnings beat the estimates.

U.S. Steel’s Q2 earnings are scheduled to be released Thursday. Although the stock fell to its 52-week low in May, it has bounced back.

AK Steel (AKS) posted its second-quarter results yesterday after markets closed, beating analysts’ expectation for a second straight quarter.

AK Steel’s Q2 earnings are expected on July 29 after the markets close. The stock has bounced back sharply after hitting a 52-week low in May.

US steel stocks are rising in July despite the earnings miss from Nucor and Steel Dynamics. AK Steel’s earnings are expected on July 29.

The current uptrend in prices isn’t exactly due to President Trump’s tariffs. US steel companies look serious about supply discipline.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

On Friday, China released its June trade data. Its steel capacity and steel exports have been a challenge for the global industry.

According to S&P Global Platts, Nucor (NUE) announced a price increase of $40 per short ton. The price hike will be applicable immediately.

Life has come full circle for US steelmakers. U.S. Steel Corporation announced the curtailment of two blast furnaces last month.