Seth Rosenfeld

Shares of United States Steel Corporation (NYSE: X) gained more than 13 percent Wednesday morning after the company surprised many investors with an earnings beat and just a small reduction to its 2017 guidance. But the stock is still lower by nearly 15 percent since the start of 2017, which begs...

U.S. steel investors will be watching closely next week as two bellwethers for the domestic steel business are expected to release Q3 guidance. Jefferies analyst Seth Rosenfeld says Nucor Corporation (NYSE: NUE) will likely disappoint Wall Street by guiding for Q3 EPS of around 80 cents, while...

There’s an old Wall Street adage that says the best time to buy is when there’s blood in the streets. For United States Steel Corporation (NYSE: X) investors, the streets have gotten pretty darn bloody. U.S. Steel’s share price is now down 38.6 percent in the last three months...

Reviewing United States Steel Corporation (NYSE: X)'s first-quarter results, Jefferies said operational issues have reemerged, weighing hard on the flat-rolled segment. Technical Take The stock was down a whopping 20.25 percent at $24.85 in pre-market trading. The 200-day simple moving...

Both U.S. and Euro steel prices will likely rise significantly into the first half of 2017, backed by a raw materials cost-push, seasonally stronger demand and lower imports, Jefferies’ Seth Rosenfeld said in a report. Rosenfeld commented that the steel markets seemed to be hitting “a...

Steel valuation multiples would likely compress further in the near term, until pricing bottoms out, Jefferies’ Seth Rosenfeld said in a report. Although the rise in steel prices would result in solid Q3 earnings and guidance, steel shares could remain under pressure due to “the...