Steel Prices

Investors may want to reposition their steel holdings, as prices have dropped 4 percent since their mid-July peak, according to Morgan Stanley. The Analyst Morgan Stanley's Piyush Sood made the following rating and price target changes: United States Steel Corporation (NYSE: X) from Overweight...

United States Steel Corporation (NYSE: X) has seen its stock fall 25 percent in recent weeks, which creates a good opportunity for investors to buy the stock, according to Citi. The Analyst Citi's Alexander Hacking upgraded U.S. Steel's stock rating from Neutral to Buy with a price target...

Spot HRC (hot rolled coil) have gained around 40 percent since bottoming in the middle of October to around $800/ton, KeyBanc Capital Markets' analysts said in a research report. Meanwhile, spot plate prices are up around 25 percent from their average 2017 price and spot bar and structural...

Shares of United States Steel Corporation (NYSE: X) gained more than 13 percent Wednesday morning after the company surprised many investors with an earnings beat and just a small reduction to its 2017 guidance. But the stock is still lower by nearly 15 percent since the start of 2017, which begs...

United States Steel Corporation (NYSE: X)'s investors had to wait a bit longer Tuesday for the company to release its earnings report, but it was worth the wait. Historically, the steel company releases its results at around 4:18 pm ET. Technical difficulties Tuesday forced the company to delay the...

Shares of AK Steel Holding Corporation (NYSE: AKS) fell more than 12 percent Tuesday morning after the company's third-quarter earnings report came in short of expectations. AK Steel reported a GAAP earnings per share loss of 2 cents on revenue of $1.49 billion. Wall Street analysts were expecting...

Investors are encouraged to sell their stakes in United States Steel Corporation (NYSE: X), according to analysts at Axiom. The firm's Gordon Johnson maintains a Sell rating on US Steel's stock and expects the company to revise its guidance to the downside in conjunction with Tuesday's earnings...

When it comes to steel, traders know product price movement correlates with stock price movement. Steel mills know it, too. According to Axiom’s Gordon Johnson, this understanding drove ArcelorMittal SA (ADR) (NYSE: MT) to announce a $40- to $50-ton price increase. “These guys announce...

Analysts at Cowen turned bearish on United States Steel Corporation (NYSE: X) under the assumption that hot rolled coil steel prices are set to move lower. The firm's Novid Rassouli downgraded U.S. Steel's stock rating from Market Perform to Underperform with a price target lowered from $24 to $20...

United States Steel Corporation (NYSE: X) has "brighter days ahead," including a nearly doubling of its stock price, according to analysts at JPMorgan. The firm's Michael Gambardella maintains an Overweight rating on U.S. Steel's stock with a price target boosted from $46 to $51 after the company...

Analysts at Cowen are throwing in the towel on United States Steel Corporation (NYSE: X) due to a lack of earnings visibility following its earnings report last week. Cowen's Novid Rassouli downgraded U.S. Steel's stock from Outperform to Market Perform with a price target slashed from $60...

Shares of United States Steel Corporation (NYSE: X) have lost more than $7 per share since topping at $27.64 not even a month ago. Despite the downside, Axiom's Gordon Johnson thinks it is still appropriate for investors "be adding to short positions" in both U.S. Steel and Cliffs Natural Resources...

United States Steel Corporation (NYSE: X) reported its second-quarter results after Tuesday's market close, which proved to be better than expected. United States Steel wasn't alone in reporting a better-than-expected earnings report, and many of its peers also surprised to the upside. Benzinga...