US Steel Is a Steal at $98

US Steel (X) is sitting at its 200 day moving average. The stock is off 20% from its summer highs, but this is not indicative of their business.

Demand for steel has never been greater and the company has its own iron ore production - which means it does not have to outsource this commodity and as a result, can keep its margins relatively higher. The only caveat is that US Steel makes low end, lower margins products.

Nevertheless, I would buy the stock here.

Full disclosure: I do not own X but my position can change at any time.