Steel Producers: Building Momentum For The Anti-Dumping Trade Case

This article was first published by Seeking Alpha on March 24, 2015

By Sarfaraz A. Khan

U.S. Steel’s Turnaround Could Get Scrapped in a Down Market

This article was first published by TheStreet on December 17, 2014

By Sarfaraz A. Khan

NEW YORK (TheStreet) - U.S. Steel (X) has been working on a turnaround by cutting back on expenses and lifting its sales. The Pittsburgh company surprised the market with a second quarter adjusted profit in July and followed that up in late October with its highest third-quarter segment operating income since 2008.

However, the performance of the second-largest steel producer in the U.S. will likely go downhill from here, thanks to deteriorating oil prices and increasing competition from foreign producers.

This Steel Giant Is Expecting an Improved Business Environment

From The Motley Fool, June 7, 2013

The world’s leading steel producer, ArcelorMittal (NYSE: MT), recently released its quarterly results that disappointed investors, but the sequential improvements led to some optimism. Meanwhile, its American rival, United States Steel (NYSE: X), also released its results that weren't any better, but the company is in a good position to capitalize on the changing market conditions. Steel stocks have largely struggled in the past, with the exception of Nucor (NYSE:NUE), due to problems associated with overcapacity.