U.S. Steel (X -4%) will face more intense completion on slowing Chinese demand and more margin...

|By:, SA News Editor

U.S. Steel (X -4%) will face more intense completion on slowing Chinese demand and more margin pressure, Nomura says in cutting shares to Neutral from Buy and slashing its price target to $20 from $32. U.S. Steel's "earnings power is most eroded in a world of lower raw materials prices given its captive iron ore and self-sufficient coke [coal] position." AKS -4.8%, MT -2%, NUE -0.6%, STLD -0.3%.