Dahlman Rose Downgrades US Steel (X) to Hold; Domestic Prices in a Cycle

Dahlman Rose downgraded US Steel (NYSE: X) from Buy to Hold.

Analyst, Anthony B. Rizzuto, said, "We are lowering our ratings on the domestic steel producers, as we believe 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."

For an analyst ratings summary and ratings history on US Steel click here. For more ratings news on US Steel click here.

Shares of US Steel closed at $22.77 yesterday.

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