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Citi Previews Steel Sector Earnings, Says US Steel May Outperform

With second-quarter North American steel earnings just around the corner, Citigroup analyst Alexander Hacking recently provided investors with a brief preview of what they should expect. While Citi isn’t anticipating industry-wide strength for steel stocks, Hacking said United States Steel Corporation (NYSE: X) could be a standout performer.

U.S. Steel’s first-quarter results were weighed down by seasonable weakness and one-time charges that should have no impact on its Q2 results. U.S. Steel will also likely provide more details about its ongoing asset revitalization initiative, which...