Shares of U.S Steel X continue to trend upward amid an upgrade from Credit Suisse.
Shares of U.S. Steel are up roughly 80 percent from the lows in June. Following Mondays upgrade, steel shares added another 2.5 percent. Credit Suisse analysts see U.S Steel as the leader in steel manufacturing due to their reduced raw material costs.
U.S Steel is trading at $38.75 up 2.5 percent
On the other hand, Credit Suisse analysts downgraded shares of Steel Dynamics STLD to neutral Monday. Analysts cite the current rise in stock price as a deterrent. Credit Suisse suggests waiting for a lower entrance price.
Steel Dynamics is trading at $23.16 down 0.5 percent
Other steel securities:
Market Vectors Steel ETF SLX is trading at $49.44 up 0.2 percent
AK Steel Holdings AKS is trading at $10.89 up 2 percent
Reliance Steel & Aluminum RS is trading at $69.62 up 0.5 percent
Schnitzer Steel Industries Inc. SCHN is trading at $27.65 down 0.3 percent
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