U.S. Steel (X -2%) and AK Steel (AKS -1.8%) (I, II) continue to contend with oversupply in...
Tuesday, January 29, 3:59 PM ETU.S. Steel (X -2%) and AK Steel (AKS -1.8%) (I, II) continue to contend with oversupply in the U.S. industry, pressuring steel prices, but both companies expect results to improve in the current quarter as the global economy improves. "Recent increases in our daily order entry rates suggest increased spot market demand as the quarter progresses," U.S. Steel says, also seeing lower coal costs for 2013.
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