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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Climbs as Steel Prices Surge

NEW YORK (TheStreet) -- U.S. Steel (X - Get Report) stock is climbing by 3.93% to $20.09 in late-afternoon trading on Tuesday, as the recent rally in steel prices propels shares of the Pittsburgh-based steel producer higher.

Hot rolled coil (HRC) prices have soared by more than 30% in the past eight weeks, Barclays wrote in a note this morning.

"The reality is that domestic supplies are tight, scrap prices are gapping up, and import availability is thin just as activity picks up for the spring," the firm mentioned.

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