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Rosenblatt Remains Sidelined on U.S. Steel (X) as Strength in Carbon Sheet and Scrap Pricing Continues
March 29, 2016 9:37 AM EDTRosenblatt reiterated a Neutral rating on US Steel (NYSE: X), with an updated price target of $14.00, as carbon sheet and scrap pricing continues to show strength. Companies located in the raw materials channel are seeing continued tightness in the ferrous scrap market. The average blended scrap price could reach $215 per ton next month, representing a 33%... More
