U.S. steel producers are downgraded by Dahlman Rose, which thinks the next move in steel prices will be lower. "Recent domestic price increases have not been matched internationally, potentially inviting increased imports later this year and placing a de facto ceiling on domestic prices," the firm says. AK Steel (AKS -4.7%) is cut to Sell from Hold. Cut to Hold from Buy: MT, NUE, STLD, X.