Stock Price Forecast The 11 analysts offering 12-month price forecasts for United States Steel Corp have a median target of 17.00, with a high estimate of 28.00 and a low estimate of 3.50. The median estimate represents a -4.39% decrease from the last price of 17.78.
United States Steel stock dropped after the company provided a disappointing look into second-quarter results. The steel sector has been badly beaten up by the pandemic, trade woes and the threat of more domestic steel supply. But a lot of bad news is already reflected in stock prices.
Formation. J. P. Morgan formed U.S. Steel on March 2, 1901 (incorporated on February 25) by financing the merger of Andrew Carnegie ‘s Carnegie Steel Company with Elbert H. Gary’s Federal Steel Company and William Henry “Judge” Moore’s National Steel Company for $492 million ($15.12 billion today).
United States Steel Corporation operates as an integrated steel producer. The Company manufactures flat-rolled and tubular products with production operations in North America and Europe. United States Steel serves the automotive, appliance, container, industrial machinery, construction, and oil and gas industries.
|Best Value Steel Stocks|
|Price ($)||12-Month Trailing P/E Ratio|
|Commercial Metals Co . ( CMC )||20.65||8.9|
|Labrador Iron Ore Royalty Corp. (LIF.TO)||CA$31.01||9.9|
|Steel Dynamics Inc . ( STLD )||38.40||16.9|
If you believe in the return of American manufacturing and the reaction of U.S. Steel to COVID, there are many ways to get involved with the stock . You can purchase the stock directly, indirectly through industry-specific exchange-traded funds (ETFs) or leverage your money using derivatives.
Top steel-producing companies 2019
|2||China Baowu Group (2)||95.47|
|3||Nippon Steel Corporation (3)||51.68|
|4||HBIS Group (4)||46.56|
The current TTM dividend payout for United States Steel (X) as of January 29, 2021 is $0.04. The current dividend yield for United States Steel as of January 29, 2021 is 0.23%. United States Steel Corporation is an integrated steel producer with major production operations in the United States and Central Europe.
Demand for steel in the world’s second largest economy is likely to rise further in mid-low single digits during 2021, say analysts. Steel prices should continue their northward journey, they believe. The same is to be driven by stimulus and an increase in credit by the government.
Cleveland-Cliffs will become the largest steel manufacturer in North America after acquiring ArcelorMittal USA .
Nucor ranked as America’s largest steel producer.
Andrew Carnegie J. P. Morgan Charles M. Schwab William H. Moore Elbert Henry Gary U.S. Steel / Основатели ” The founder of U.S. Steel was J.P. Morgan, the wealthy financier, who acquired Andrew Carnegie’s steel company and merged it with seven other steel companies, two of which he controlled. U.S. Steel then controlled 65 percent of the domestic industry.
other steel companies to form United States Steel Corporation , which was the world’s first billion-dollar… …and in 1937 the giant United States Steel Corporation recognized the union as a bargaining agent. 6 дней назад
On January 1, 2002, USX split into two separate companies: Marathon Oil and U.S. Steel .