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U.S. Steel: Not Broken?

Steel stocks like AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) are getting hit today after President Donald J Trumpappeared to walk back his commitment to new tariffs. That hasn't hurt U.S. Steel (X), which reported earnings last night.

U.S. Steel reported a profit of $1.48 a share, easily topping the Street consensus for 36 cents, on sales $3.14 billion, beating forecasts for $2.98. U.S. Steel also said it would earn $1.70 a share in 2017...