U.S. Steel: The Market Giveth, The Market Taketh Away

The company forecast the year to be break-even on an adjusted basis.

U.S. Steel (NYSE:X) -8.6% AH after reporting a $99M unadjusted Q4 loss on a 37% Y/Y drop in revenue to $2.57B, citing tough market conditions and lower average prices. The Pennsylvania-based fund Vtl Associates Llc is also positive about the stock, possessing 3.71 million shares or 0.19% of their long stock exposure. Deutsche Bank cut AK Steel Holding from a “buy” rating to a “hold” rating and lowered their price target for the stock from $6.00 to $3.00 in a report on Monday, October 5th. “Full-year tubular segment results for 2015 decreased from 2014 primarily due to the negative impact of the high levels of tubular imports, much of which we believe are unfairly traded, and low energy prices which resulted in a decrease in shipments and average realized prices”. In addition, the Companys operations include European trading companies that buy and sell steel and steel products and other materials, AK Coal Resources, Inc. Assetmark bought a new position in United States Steel during the third quarter worth $0.

AKS has been the topic of a number of other research reports.

The stock price of AK Steel Holding Corporation dropped 56.52% over the last 200 days, and is in strong down trend.

AK Steel Holding CorporationAKS reported a net loss of $147.1 million or 83 cents per share in fourth-quarter 2015 compared with a net income of $13.5 million or 7 cents per share in the year-ago quarter.

Shares of United States Steel Corporation (X) ended Wednesday session in red amid volatile trading.

Now the company Insiders own 2.03% of AK Steel Holding Corporation shares according to the proxy statements.

AK Steel Holding Corporation (NYSE:AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company). The Company’s operations produce flat-rolled value-added carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. Earlier the firm had a rating of “Buy ” on the company shares. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers.