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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Downgraded to 'Sell' at UBS

NEW YORK (TheStreet) -- U.S. Steel (X - Get Report) stock was downgraded to "sell" from "neutral" at UBS, given expectations for continued cash burn and a likely decline in steel prices, according to Barron's.

Steel prices have been increasing on restrained supply, stimulus resulting from loose monetary policies and a weaker U.S. dollar's impact on commodity prices, the firm wrote in a note.

However, "once the bullwhip of higher pricing and restocking has moved through the market," a surplus in global production will likely remain...


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