U.S. Steel Continues Higher (X)

Shares of U.S. Steel X are higher again today, gaining more than 1% on the trading session. Yesterday there were rumors that U.S. Steel was a potential acquisition target, but the acquirer was never named. China also announced it was shutting its steel plants for 2 weeks to curb the glut of steel in the market. This was seen as a positive for U.S. Steel, as it allows the company to have pricing power. Shares of U.S. Steel are currently higher by 81 cents to $48.90, good for a gain of 1.7%.