U.S. Steel Corporation’s Dilemma: Rising Costs, Peak Steel Prices

Mark O'Hara
U.S. Steel Corporation’s Dilemma: Rising Costs, Peak Steel Prices

U.S. Steel Corporation (X), the once iconic US steel producer, has been struggling in 2018. The stock has lost 26.5% YTD (year-to-date) based on the closing prices on November 20. AK Steel (AKS) hasn’t fared any better—the stock has fallen 38.7% YTD. Nucor (NUE) has been a little better—the stock has lost 3.6%. Cleveland-Cliffs (CLF) has outperformed US steel producers and is trading with a YTD gain of 30.6%.