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What to Expect from U.S. Steel

Mark O'Hara
What to Expect from U.S. Steel

As noted previously, spot steel prices have risen sharply this year and are currently at their highest level since 2011. Steel companies including AK Steel (AKS), Nucor (NUE), and ArcelorMittal (MT) expect their second-quarter earnings to rise sequentially as higher steel prices flow into their spot sales. U.S. Steel (X) also expects its earnings to rise in the second quarter.