U.S. Steel to operate at loss this year, J.P. Morgan says in short call

• J.P. Morgan tells clients to short U.S. Steel (X -2.7%), expecting the company to operate at a loss this year.
• JPM cuts its estimated FY 2015 EPS for the company to a loss of $0.25 from its earlier outlook for a $1.57 gain, and sees FY 2016 EPS of $1.42 vs. its earlier view for $3.00.
• The firm believes a strong dollar, weak oil prices and slowing growth in China will weigh on metals demand.
• Also: AKS -3.6%, NUE -1.3%, STLD -2.1%, WOR -3%, CLF -3.9%, CMC -1.8%, TMST -3.9%, SCHN -1.9%.
• Earlier: U.S. Steel to idle Minnesota plant