Who is pumping? bs572 ain't pumping! Jockey dude ain't pumping!
It doesn't look like MT has the level of buying interest to absorb the overhead supply and until we see confirmation of better results - we'll see the bulls and bears fighting it out with plenty of head fakes along the way.
U.S Steel received an upgrade this morning and has been in a stronger uptrend than MT, couple that with the markets down in Europe and everywhere else. MT needs a breather anyway...