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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Falls as China Steel Futures Tumble Further

NEW YORK (TheStreet) -- U.S. Steel (X - Get Report) stock is down by 4.32% to $14.16 in late-morning trading on Friday, as China's steel and iron ore futures continue to fall on concerns about oversupply.

Iron ore closed down by 5.2% to 363 yuan ($55.68) per metric ton, steel rebar finished down by 4.6% at 2,030 yuan per metric ton and hot-rolled coil ended down 4% at 2,195 yuan per metric ton today, the Wall Street Journal reports.

Prices have been weighed down by worries about excess supply.

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