U.S. Steel (X) +3.9% premarket after shares are upgraded to Outperform from Neutral at Credit...
U.S. Steel (X) +3.9% premarket after shares are upgraded to Outperform from Neutral at Credit Suisse, which believes the U.S. steel sector is poised to rebound on the fiscal cliff resolution, attractive fundamentals and upside risk to China. Recent checks support improving U.S. demand, disciplined supply and low inventories, which support higher steel prices. Also: CLF +4.6%, AKS +4.5%, NUE +1.3%.
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