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U.S. Steel (X) Stock Falls Despite Favorable Tariff Rulings

NEW YORK (TheStreet) -- Shares of U.S. Steel (X) were tumbling 6.77% to $16.25 in early-afternoon trading on Tuesday despite a U.S. International Trade Commission ruling that seven countries will need to pay tariffs for dumping their hot-rolled flat steel.

Additionally, the Commerce Department said yesterday that it made a preliminary finding that stainless steel imports from China are being dumped at below fair value, Reuters reports.

"These two rulings were widely expected but continue the positive momentum of U.S...


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