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Actionable news in X: UNITED STATES STEEL CORPORATION,

One Reason Why U.S. Steel (X) Stock Is Sliding Today

NEW YORK (TheStreet) -- Shares of U.S. Steel (X) were down in early-afternoon trading on Wednesday after Axiom Capital warned that U.S. hot rolled coil steel prices appear to be nearing a cliff.

U.S. Steel is a Pittsburgh-based steel producer.

"[With] service center shipments (-13.8% m/m), or demand, falling materially more than service center inventories (+2.73% m/m) during the month of July - pushing days of inventory at U.S. service centers to above seasonal levels - we see forward...


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