U.S. Steel - Consider Forging Ahead With This American Steel Producer

Damon Judd
7.59K Followers

Summary

  • US Steel reported record financial results for 2021 and appears well positioned heading into 2022.
  • A new advanced technology mini-mill and the recent acquisition of Big River Steel, along with a presence in Europe, are helping to position US Steel for future revenue growth.
  • The consequences of the sanctions against Russian commodity exports are impacting the global demand for steel and US Steel stock is poised to benefit from the increasing steel prices and elevated demand.

Steel sheet coils

SlobodanMiljevic/E+ via Getty Images

First came the COVID pandemic causing a hiatus in the entire construction industry worldwide, then inflation began to steal the show, and now Russia invading Ukraine is the world news du jour. Those events first caused steel prices to

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7.59K Followers
Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for mostly dividend paying income stocks and funds (BDCs, REITs, CEFs, ETFs) that offer high yield income to increase my retirement income beyond my pension and Social Security. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that's the way to bet.” Damon Runyon

Analyst’s Disclosure:I/we have a beneficial long position in the shares of X either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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