US Steel has had 8 straight losing quarters. I can't figure out how it got to 60 again. They have huge legacy cost and they are at a distinct disadvantage in regards to the efficiency. What they do have is control over their raw materials, which must be what is driving their current run. I am short but that is not working out. My guess is they never see the $150 price for many years if ever unless the whole market goes crazy like it did when they made if up to $200. The short interest is in the 18% range so almost 1 in 5 feel kind of like me.
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