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Is the Sell-Off in US Steel Stocks Overdone?

Mark O'Hara
Is the Sell-Off in US Steel Stocks Overdone?

US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight” to “equal weight.” Several other brokerages have also taken a bearish view of US steel stocks.