US Steel Corporation (X) is one of the largest producers of steel in the United States, and within the top 20 producers in the world. The company recently reported record financial performance during Q4 2021 due to the higher demand of steel post-Covid and inflation. Steel prices are once again on the rise due to disruptions from the war in Ukraine. US Steel’s Q1 2022 guidance indicates a continued profit from these market conditions. The company’s stock price has seen some uptrend over the last twelve months, gaining about 64%. Considering all present circumstances, I place a bullish rating on US Steel.
https://www.tipranks.com/news/article/us-steel-confident-on-rising-steel-costs-prices-persisting?utm_source=advfn.com&utm_medium=referral
US Steel (NYSE:X)
Historical Stock Chart
From Sep 2022 to Oct 2022 Click Here for more US Steel Charts.
US Steel (NYSE:X)
Historical Stock Chart
From Oct 2021 to Oct 2022 Click Here for more US Steel Charts.