The Traderszone Network

Published in TZ Latest News 18 August, 2017 by The TZ Newswire Staff

Why United States Steel Corporation Investors Should Be Wary of the Lack of Business Investment

Like all steel makers, United States Steel Corporation (NYSE: X) worked hard to survive the steel downturn. A key focus was cutting costs, but that appears to have happened at the expense of reinvesting in the business. Now that the steel industry is starting to see better days, U.S. Steel is going to have to make up for that decision by spending money and time on upgrading its assets. That could be a notable drag on results.

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