FAQs
X Stock 12 Month Forecast
Based on 4 Wall Street analysts offering 12 month price targets for United States Steel in the last 3 months. The average price target is $45.25 with a high forecast of $48.00 and a low forecast of $43.00. The average price target represents a 17.35% change from the last price of $38.56.
What is the US Steel prediction for 2024? ›
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today provided second quarter 2024 adjusted net earnings per diluted share guidance of $0.76 to $0.80. Second quarter 2024 adjusted EBITDA is expected to be approximately $425 million.
Should I sell my US steel stock? ›
Is United States Steel stock a Buy, Sell or Hold? United States Steel stock has received a consensus rating of hold. The average rating score is and is based on 9 buy ratings, 17 hold ratings, and 3 sell ratings.
What was the price of US steel stock in 2008? ›
The all-time high United States Steel stock closing price was 167.52 on June 25, 2008. The United States Steel 52-week high stock price is 50.20, which is 22.2% above the current share price.
Is U.S. Steel a good long-term investment? ›
The United States Steel stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is the U.S. Steel industry doing well? ›
“Overall, the profitability in steel makers in the United States is much improved, versus where we were just a decade ago,” Green said. He said one way U.S. steel makers have been able to improve margins is by consolidating — increasing market share. Which is one reason U.S. Steel has been so eager to be bought.
When did U.S. Steel go up for sale? ›
The deal, announced in mid-December 2023, retains US Steel's name and headquarters in Pittsburgh. However, the Biden Administration would oppose Nippon Steel's bid to acquire U.S. Steel by March 2024; the proposed acquisition was also opposed by the United Steelworkers.
Did JP Morgan buy U.S. Steel? ›
With the aid of J.P. Morgan, they bought Carnegie's interests for more than $492 million and put together U.S. Steel, adding National Steel, National Tube, American Steel and Wire, American Steel Hoop, American Sheet Steel, and American Tinplate to the nucleus of the Carnegie and Federal Companies.
Who is looking to buy U.S. Steel? ›
Japanese steelmaker Nippon agreed in December 2023 to acquire U.S. Steel at a 40 percent premium to its stock price. It's no surprise shareholders welcomed the proposal. But opposition to the deal immediately sprang forth from union bosses, the Biden administration, and politicians from both sides of the aisle.
Is it a good time to invest in steel? ›
Absolutely! Steel production can be energy-intensive, but some companies are adopting more sustainable practices. Look for companies investing in recycling or reducing their carbon footprint.
Beginning in the late 1970s, and accelerating throughout the 1980s, the steel industry in my hometown of Pittsburgh (and beyond) collapsed. Between 1980 and 1983, roughly 95,000 manufacturing jobs were lost in and around the Pittsburgh area.
Who was the owner of the U.S. Steel company the first worth a billion dollars? ›
Early in 1901, J. P. Morgan, the country's most powerful banker, merged Andrew Carnegie's Carnegie Steel Corporation with nine other steel companies to form the world's largest corporation. The United States Steel Corporation, usually known as U.S. Steel or simply Big Steel, was capitalized at $1.4 billion.
What is the annual profit of U.S. Steel? ›
United States Steel net income for the twelve months ending March 31, 2024 was $867M, a 52.91% decline year-over-year. United States Steel annual net income for 2023 was $0.895B, a 64.54% decline from 2022. United States Steel annual net income for 2022 was $2.524B, a 39.53% decline from 2021.
What are U.S. Steel earnings predictions? ›
United States Steel Corporation Common Stock is expected* to report earnings on 08/01/2024 after market close. The report will be for the fiscal Quarter ending Jun 2024. According to Zacks Investment Research, based on 4 analysts' forecasts, the consensus EPS forecast for the quarter is $0.72.
What is the steel forecast for 2025? ›
Global Steel Demand to Slightly Recover
The Brussels-based industry group estimated global steel demand to increase by 1.2% in 2025 to reach 1,815 Mt.
What is the future prediction for steel? ›
The Iron Steel industry is projected to grow from USD 188.5 Billion in 2023 to USD 264.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032).