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United States Steel Corp.

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U.S. Steel should gain from healthy automotive demand. We are also encouraged by the company’s initiatives to improve its cost structure through the Carnegie Way initiative. However, the company is facing certain operational issues in its Flat-Rolled unit. Moreover, downtime associated with the implementation of the asset revitalization plan is expected to affect its production volumes in 2017. Its tubular business also faces weak demand in the energy market. U.S. Steel has also underperformed the Zacks Categorized Steel-Producers industry over the past six months.


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