United States Steel (X) is an integrated steel producer. The company manufactures flat-rolls and tubular products. I'm bullish on the stock. (See Insiders’ Hot Stocks on TipRanks) Support from Relevant Economic Variables The macroeconomic outlook for the industry remains robust. By month's end, U.S. building permits are set to rise by 56.4% since May 2020, signaling strength in the real estate sector. Furthermore, price-measured demand for maritime shipping-related products has gathered an additional 6.8% since May of this year, and household appliance manufactures' new orders have risen by 5.3% year-to-date.
https://www.tipranks.com/news/article/u-s-steel-economic-variables-and-valuation-remain-supportive?utm_source=advfn.com&utm_medium=referral
US Steel (NYSE:X)
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US Steel (NYSE:X)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more US Steel Charts.