X - United States Steel Corporation
| Previous Close | 29.85 |
| Open | 29.96 |
| Bid | 28.93 x 1400 |
| Ask | 0.00 x 1100 |
| Day's Range | 28.76 - 29.96 |
| 52 Week Range | 23.39 - 47.64 |
| Volume | 10,670,060 |
| Avg. Volume | 7,854,144 |
| Market Cap | 5.163B |
| Beta | 4.20 |
| PE Ratio (TTM) | 9.63 |
| EPS (TTM) | 3.03 |
| Earnings Date | Oct 29, 2018 - Nov 2, 2018 |
| Forward Dividend & Yield | 0.20 (0.69%) |
| Ex-Dividend Date | 2018-08-08 |
| 1y Target Est | 43.93 |
Markit•yesterdaySee what the IHS Markit Score report has to say about United States Steel Corp.
United States Steel Corp NYSE:X
- Market Realist•yesterday
AK Steel: Does the Rally Have Any Steam Left?
AK Steel (AKS) has gained more than 15% from its 2018 lows. U.S. Steel Corporation (X) has lost 15.3% YTD. Nucor (NUE) and Cleveland-Cliffs (CLF) have gained 2.3% and 69.2% YTD, respectively, based on the closing prices on September 18.
Market Realist•2 days agoAK Steel: Could Things Turn Around in the Fourth Quarter?
So far in this series, we’ve discussed Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation’s (X) third-quarter earnings guidance. In this part, we’ll see how things look for AK Steel (AKS) in the third quarter and beyond. AK Steel has underperformed the broader steel space (XME) in 2018. The stock saw a selling spree after its first and second-quarter earnings release. In the second quarter, AK Steel missed the consensus estimates and its third-quarter guidance also spooked the markets. Let’s see what analysts project for the company’s third-quarter earnings.
- Market Realist•2 days ago
U.S. Steel Corporation: What to Expect in 2019
U.S. Steel Corporation (X) is having a dismal run in 2018. The stock has lost 15.3% year-to-date based on the closing prices on September 18. AK Steel (AKS) has lost 17.3% YTD, while Nucor (NUE) has risen 2.3%. Cleveland-Cliffs (CLF) has outperformed US steel stocks (XME) in 2018 with gains of 69.2%. Let’s see what could drive U.S. Steel Corporation’s performance in 2019.
Market Realist•2 days agoU.S. Steel Corporation and AK Steel Missed Section 232 Windfall
Nucor (NUE), the largest US-based steel producer, posted its highest second-quarter earnings ever in the second quarter of 2018. Steel Dynamics (STLD) also posted record earnings in the second quarter. The Section 232 tariffs lifted US steel prices to multiyear highs. ArcelorMittal (MT) only gets a quarter of its revenues from NAFTA. ArcelorMittal also posted its highest earnings in seven years. However, U.S. Steel Corporation (X) and AK Steel’s (AKS) earnings have lagged other steel companies in 2018.
Associated Press•3 days agoNo way out? US, China tariffs may become the 'new normal'
WASHINGTON (AP) — The path to peace in a trade war between the United States and China is getting harder to find as the world's two biggest economies pile ever more taxes on each other's products.
- CNBC•3 days ago
Steel workers gear up for strike, potentially derailing Trump's steel resurgence
It would follows another strike by 16,000 U.S. Steel workers that was approved earlier this month, and together, they could hinder what President Trump calls a "thriving" industry in the U.S.
Market Realist•3 days agoU.S. Steel Corporation’s Earnings Momentum
Previously in this series, we discussed Nucor (NUE) and Steel Dynamics’ (STLD) third-quarter earnings guidance. In this part, we’ll discuss U.S. Steel Corporation’s (X) third-quarter earnings estimates compared to the company’s guidance.
Market Realist•3 days agoUS Steel Companies Upbeat on Outlook despite Trade War
In the previous part, we discussed Nucor’s (NUE) third-quarter earnings guidance. In this part, we’ll discuss Steel Dynamics’ third-quarter guidance. The guidance was released after the markets closed on September 17.
Market Realist•3 days agoNucor’s Q3 2018 Guidance: Markets Were Disappointed
Last week, Nucor (NUE), the largest US-based steel producer, released its third-quarter guidance. The company expects to post an EPS of $2.35–$2.40 in the quarter. Nucor posted an EPS of $2.13 in the second quarter and $0.79 in the third quarter of 2017. Nucor’s third-quarter earnings guidance was in line with analysts’ estimates. Previously, Nucor posted better-than-expected guidance in the second quarter.
Market Realist•3 days agoSteel Companies in Q3 2018: Earnings, Tariffs, and the Trade War
Now, we’re approaching the end of the third quarter. Nucor (NUE) released its third-quarter earnings guidance on September 14, while Steel Dynamics (STLD) released its earnings guidance on September 17. In this series, we’ll discuss Nucor and Steel Dynamics’ third-quarter guidance. We’ll also analyze the third-quarter guidance provided by other steel companies during their second-quarter earnings call. We’ll discuss steel companies’ outlook.
Market Realist•4 days agoMetals and Mining Stocks Gain amid Toned-Down Tariffs
Metals and mining stocks are showing strength. As of 1:00 PM EDT on September 18, Freeport-McMoRan (FCX) and Alcoa (AA) have risen 2.9% and 1.1%, respectively. In the steel space, U.S. Steel Corporation (X) and Cleveland-Cliffs (CLF) are trading with gains of 2.5% and 3.1%, respectively.
Market Realist•5 days agoShould the US Be Competing in Commoditized Industries?
Earlier this year, President Trump imposed tariffs on US steel and aluminum imports. US steel companies like U.S. Steel Corporation (X) and AK Steel (AKS) have blamed more imports for their woes. Notably, China’s share in the global steel and aluminum markets has grown multi-fold.
Bloomberg•5 days agoAs Trump Touts Steel Revival, Investors Still Await Payoff
A lot of investors seem to have lost the memo on the revival of the American steel industry. U.S. President Donald Trump took to Twitter to boast about new plants amid robust demand. While he’s right that the industry is thriving, it’s also worth noting that gains in steel stocks since the U.S. announced import tariffs on the metal have trailed the broader market.
- Markit•7 days ago
See what the IHS Markit Score report has to say about United States Steel Corp.
United States Steel Corp NYSE:X
- Market Realist•9 days ago
What Will 2019 Bring for US Steel Companies?
As noted in the previous article, steel companies’ valuations look attractive based on forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiples. However, these multiples are based on analysts’ earnings estimates, so it is prudent to read the multiples in conjunction with earnings estimates.
Market Realist•9 days agoDo Steel Companies’ Valuations Look Tempting?
This month we’ve seen share buyback announcements by both Nucor (NUE) and Steel Dynamics (STLD). Share buybacks are a tool for management to return cash to shareholders. Generally, companies pursue share buybacks when they have surplus cash or they find their stocks undervalued. Steel companies’ cash flows have certainly improved amid higher steel prices. But do their valuations look tempting?
- Market Realist•10 days ago
Why US Businesses Aren’t Excited about ‘Make in America’
Last month, at the restart of Century Aluminum’s (CENX) smelter in Kentucky, Commerce Secretary Wilbur Ross said, “This administration remains steadfast in our Made in the U.S.A. commitment.” The Trump administration has used tariffs to curb imports and boost domestic manufacturing. To be sure, we’ve seen some impact from the Section 232 tariffs, as US steel imports have seen a year-over-year fall this year.
Market Realist•10 days agoConcerns about Chinese Steel Prices Could Be Overblown
China (FXI) is the world’s largest steel producer and consumer. The country’s steel overcapacity and exports have been blamed for depressing global steel prices. However, Chinese steel exports have come down sharply from their 2015 highs. In August, China exported 5.8 million metric tons of steel products, a yearly fall of 9.8%. In the first eight months of 2018, Chinese steel exports have fallen 13.3% to 47.2 million metric tons.
Market Realist•10 days agoWill Trump Appease Metal End Users?
President Trump has relaxed the quota rules for countries that have been exempted from the Section 232 tariffs. The news triggered a selling spree in US steel stocks like U.S. Steel (X). Notably, uncertainty over Section 232 exemptions has been among the key concerns for steel investors. In this article, we’ll see why the concerns could be overblown.
Market Realist•10 days agoDo Section 232 Exemptions Pose a Big Risk to US Steel Stocks?
President Trump has left the door open for exemptions from Section 232 tariffs. The exemptions would be on a product level as well as a country level. So far, countries like South Korea, Brazil, and Argentina have managed to see exemptions from Section 232 tariffs. The uncertainty about Section 232 exemptions is one reason why investors have shied away from steel stocks. In this article, we’ll see how Section 232 exemptions could impact US steel prices.
- The Wall Street Journal•11 days ago
Steelworkers Demand Higher Pay as Tariffs Lift Profits
Workers at two of the biggest U.S. steelmakers are demanding higher compensation as tariffs on foreign metal push prices and profits to their highest point in years in a buoyant economy. Leaders for some 30,000 members of the United Steelworkers union say United States Steel Corp. and ArcelorMittal SA aren’t passing those benefits to their workers, who have gone without raises in recent years even as wages have started to climb more broadly. President Trump has said the 25% tariff his administration placed on steel imports earlier this year aimed to bring back good-paying blue collar jobs.“The steel industry is one of the great things to be talking about,” Mr. Trump told a crowd in North Dakota last week.
Market Realist•11 days agoWhat Risks Could Steel Stocks Face at the End of 2018?
In this article, we’ll look at some of the risks that the US steel industry faces towards the end of 2018. We’ll look at global as well as domestic challenges.
Market Realist•11 days agoUS Steel Industry Reaches Key Milestone Wilbur Ross Wanted
According to AISI (American Iron and Steel Institute) data, US steel production rose 9.8% YoY in the week ending September 8. On a year-to-date basis, US steel production has risen 4.1% compared to the same period in 2017.
Market Realist•11 days agoUS Steel Stocks: Tough to Love, Even Tougher to Hate
While several industries have been crying foul over President Trump’s trade policies, the US steel industry has been among the biggest benefactors of these trade policies. Earlier this year, Trump imposed a 25% tariff on US steel imports, triggering a wave of joy in US steel companies. To be sure, we’ve started to see the impact of these tariffs on the US steel industry. US steel production has gained traction, while imports have fallen on a yearly basis this year.
