Pakistan’s Steel industry news and business
Wednesday February 21st 2018




U.S. Steel As A Recovery Play (X)

If you are bullish on the global economic recovery, U.S. Steel (NYSE: X) may be the play for you.

U.S. steel is highly leveraged to the economy; as demand picks up for cars, appliances, buildings, and heavy equipment, steel demand will increase. The recent rally in the equity markets suggests that the double-dip recession everyone was fearing will not come to pass. Data from railroad and tech companies suggest the economic recovery appears to be sustainable.

There are many reasons to like U.S. Steel, desite the fact that is has been bleeding red ink for many quarters. The company is set to report earnings on April 27 and analysts are looking for a loss of $1.40 a share. However, investors should look past these first quarter results and look to management’s outlook for the remainder of the year. [Read More]