Summary
Even next week’s Organisation for Economic Co-operation and Development meeting regarding global steel capacity and pricing won’t help.
All steel manufacturers are not created equal. Management, operations, and technology combine to make a difference.
In the end, earnings and management do matter. U.S. Steel Corp. is a short.
Originally submitted on April 17, 2016
Since 1901, U.S. Steel Corporation (NYSE: X) has evolved its operations into three major segments: Flat-rolled steel – for use in automotive, consumer, industrial service, and mining markets; U.S. Steel Europe – for construction, container, appliance, oil, petrochemical, and transportation; finally, the Tubular segment goes to oil, gas, and petrochemical markets.
Recent Upside in The Steel Industry – Demand or Luck?
So far this year, U.S. Steel Corp. stock is up 200% from the February low. That’s considered pretty good when a company is, you know, actually making money. U.S. Steel Corp. is not, so what gives?
I believe the recent upside is luck.
See the full article at SeekingAlpha.com.
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