X - United States Steel Corporation
| Previous Close | 13.33 |
| Open | 13.58 |
| Bid | 13.96 x 4000 |
| Ask | 13.94 x 3000 |
| Day's Range | 13.58 - 14.12 |
| 52 Week Range | 9.93 - 24.74 |
| Volume | 15,210,225 |
| Avg. Volume | 15,783,200 |
| Market Cap | 2.37B |
| Beta (3Y Monthly) | 3.09 |
| PE Ratio (TTM) | 3.84 |
| EPS (TTM) | 3.63 |
| Earnings Date | Jan 28, 2020 - Feb 3, 2020 |
| Forward Dividend & Yield | 0.20 (1.50%) |
| Ex-Dividend Date | 2019-11-12 |
| 1y Target Est | 9.96 |
- Barrons.com
Cleveland-Cliffs Stock Could Be Worth $10 If the CEO Is Right
Cleveland-Cliffs surprised everyone with its plan to buy AK Steel. Whether investors like the transaction comes down to how they feel about Cleveland-Cliffs dynamic CEO Lourenco Goncalves.
- Barrons.com
Cleveland-Cliffs Stock Slumped After It Agreed to Buy AK Steel. Investors Might Be Wrong.
News that Cleveland-Cliffs planned to buy AK Steel sent shares tumbling Tuesday, but the iron-ore miner may have hit a “home run” on the deal.
- Financial Times
Downsides to the liberal diversity debate
To further their case, they point out that the six candidates who have already qualified for the next Democratic debate are all white (though Andrew Yang and Tulsi Gabbard still have time to qualify, and Cory Booker and Deval Patrick have time to make inroads before the first primaries). Harris was just a victim of a demographically rigged system. It reinforces the impression that liberals remain way too enamoured with box-checking tokenism — at everyone’s expense, except Donald Trump’s. The main responsibility of a party should be to select the best presidential candidate it can on merit.
- Zacks
United States Steel (X) Stock Sinks As Market Gains: What You Should Know
United States Steel (X) closed at $13.33 in the latest trading session, marking a -0.07% move from the prior day.
- Zacks
Delay in U.S.-China Trade Deal Hits 10-Year Treasury Yield
President Trump's latest hints at a delay in the U.S.-China trade agreement causes the yield on benchmark 10-year Treasury note to hit the lowest in the last four months.
- MoneyShow
Turnaround Experts Eyes Convertible Trio
Convertible bonds, which have been ignored by investors and Wall Street for years, may be worth a fresh look, asserts George Putnam, editor of The Turnaround Letter.
- Barrons.com
Why Cleveland-Cliffs Buying AK Steel Will Hurt the Steel Industry
Consolidation is usually a good thing in commodity-producing industries. But steel stocks are getting hammered after Cleveland-Cliffs announced plans to buy AK Steel.
- American City Business Journals
Here's what the acquisition of AK Steel means for Butler Works
Cleveland-Cliffs Inc. announced its acquisition of AK Steel Holding Corp. (NYSE: AKS) Tuesday, and electric arc furnaces like the one at AK Steel’s Butler Works facility could be a primary driver of the deal. Richard Bourke, a Bloomberg Intelligence analyst who follows AK Steel, said the vertically integrated acquisition is intended to help Cliffs capture additional value across the steel supply chain. Cliffs president and CEO Lourenco Goncalves will lead the combined company, and AK Steel CEO Roger Newport will retire when the deal is finalized.
- Barrons.com
Cleveland-Cliffs Shocks Steel Sector by Buying AK Steel. Here’s Why Its Stock Is Falling.
Iron ore miner Cleveland-Cliffs shocked the steel establishment with a surprise all-stock buyout of AK Steel. The move has AK Steel shares up in premarket trading while Cliffs shares are tumbling.
- MarketWatch
Steel stocks surge after Trump says he will revive tariffs on Brazil, Argentina
Steel producer stocks rallied Monday, to buck the selloff in the broader stock market, after President Donald Trump said he was bringing back tariffs on steel imports from Brazil and Argentina, as retaliation for currency devaluations.
- Zacks
U.S. Steel Imports Down YTD: Are Tariffs Really Helping?
Despite the benefits of steel tariffs, shares of most U.S. steel companies remain subdued this year as weak demand and prices hurt their earnings.
- Investing.com
Stocks - U.S. Futures Slump as Trump Hints at Delayed Trade Deal
Investing.com - U.S. futures tumbled on Tuesday after President Donald Trump said that a trade deal with China may have to wait until after next year’s election.
- Reuters
Brazil in touch with U.S. officials on surprise steel, aluminum tariffs -source
The Brazilian government is in touch with the U.S. Trade Representative's office and other agencies about U.S. President Donald Trump's surprise decision to restore tariffs on Brazilian steel and aluminum, according to a source familiar with Brasilia's reaction. The source, who was not authorised to speak publicly, rejected the U.S. claim that the Brazilian government was manipulating its real currency, noting the central bank of Brazil had recently intervened to strengthen - not weaken - the real.
- Reuters
Brazil steel industry body "perplexed" by Trump tariff move
Brazil's main steel industry body said on Monday that it was "perplexed" by U.S. President Trump's decision to restore tariffs on Brazilian steel and aluminum, calling the move "retaliation" and saying that the Brazilian government was not artificially devaluing its real currency. In a statement, the body, known as Instituto Aco Brasil, said the decision ultimately hurts U.S. steelmakers who are dependent on Brazilian steel components for their operations.
- Investing.com
Steel Companies Jump After Trump Hits Brazil and Argentina with Tariffs
Investing.com - Steel and mining companies were higher in midday trade on Monday after U.S. President Donald Trump said he was re-implementing steel tariffs on imports from Brazil and Argentina.
- Financial Times
Donald Trump’s struggle to revive the US rust-belt
After entering office in 2017, the US president pressed ahead with an aggressively protectionist agenda, including 25 per cent levies on imported metals in early 2018 and an escalating tariff war with China. The upheaval to global commerce driven by Mr Trump has delivered a significant hit to the world economy, exacerbated geopolitical tensions with China, heightened volatility in global markets and angered allies in Europe, North America and Asia.
- Investing.com
U.S. Steel Falls After Mill Shutdown Due to Flooding
Investing.com - U.S. Steel (NYSE:X) slumped in midday trade on holiday-thinned volume Friday after reports that it was shutting down a furnace due to flooding.
- Zacks
Global Steel Output Drops as China Loses Steam: What's Ahead?
Chinese steel production slipped 0.6% year over year to 81.5 Mt in October amid Beijing's anti-pollution drive.
- Zacks
What Awaits U.S. Steel Stocks After an Uninspiring Q3?
While demand weakness is likely to continue, it remains to be seen if the recent recovery in steel prices is short-lived or more sustainable heading into 2020.
- MarketWatch
U.S. Steel pledges to reduce intensity of greenhouse-gas emissions by 20%
U.S. Steel Corp. said Wednesday it plans to reduce greenhouse-gas-emissions intensity across its global footprint by 20% by 2030. The reduction will be measured by the rate of carbon-dioxide equivalents emitted per ton of finished steel shipped, based on 2018 baseline levels. The steel sector is facing significant financial losses from future climate regulation, with the top 20 steel manufacturers at risk of a potential loss of 14% of their value by 2040, according to a report earlier this year from CDP, a sustainable-investing advocate. Existing steel-production techniques are already close to the limits of their efficiency, so meeting the goals of the Paris climate agreement, from which President Donald Trump is withdrawing the U.S., will require a radical change by the industry, the CDP alleges after analyzing the 20 top companies, worth a combined $259 billion. U.S. Steel shares fell about 2% in Wednesday trading; they're down 26.4% in 2019 to date. The S&P 500 is up 23% in 2019.
- GlobeNewswire
United States Steel Corporation Commits To Reduce Greenhouse Gas Emissions Intensity By 20%
United States Steel Corporation (NYSE:X) today took another step in the execution of its strategy to become the “best of both” in the steel industry with the announcement of its plans to reduce greenhouse gas emissions intensity across its global footprint. The company has set a goal to reduce its global greenhouse gas emissions intensity by 20 percent, as measured by the rate of carbon dioxide (CO2) equivalents emitted per ton of finished steel shipped, by 2030 based on 2018 baseline levels. This target will apply to U. S. Steel’s global operations.
- Barrons.com
A Small Steelmaker’s Stock Is Diving. There’s More Bad News for the Industry.
J.P. Morgan downgraded another steel stock Monday: TimkenSteel. The problem for the industry comes down to pricing.
- Yahoo Finance Video
Trump: I will restore steel and aluminum tariffs on Brazil, Argentina
The Trump administration has decided to restore aluminum and steel tariffs on Brazil and Argentina. Both countries had exemptions from 25% steel and 10% aluminum tariffs last year. Independent Women's Forum Board Member and Former NY Congresswoman Nan Hayworth joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss on YFi PM.
- Yahoo Finance Video
Trump starts a new trade spat with Brazil and Argentina over steel and aluminum imports
President Trump announced he was 'restoring' tariffs on imports of steel and aluminum from Brazil and Argentina and accelerating a trade war on another front. Yahoo Finance's Julie Hyman, Adam Shapiro, Jessica Smith, Brian Cheung and Heidi Chung discuss.
