U.S. Steel (X), Tenaris (TS) Pare Gains on Anti-Dumping Plea

July 3, 2013 9:59 AM EDT
United States Steel (NYSE: X) and Tenaris (NYSE: TS) are paring some late-session gains on Tuesday following news that the two will petition the U.S. Federal Trade Commission to impose anti-dumping duties on a slew of steel pipe products used in the oil and gas industries.

U.S. Steel closed 8.3 percent better yesterday while Tenaris rose 9.1 percent. Both are lower in early Wednesday trading.


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