When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GRES - Divergence Between Iron Ore And Steel - Is X A Buy Despite Analyst Downgrades?
IQ ARB Global Resources
There is an ongoing divergence between the price of iron ore and steel which is the result of production issues when it comes to the raw material and trade policy when it comes to the processed commodity. At the same time, the VanEck Steel Index (SLX) has moved higher with the price of iron ore since 2016, while the price of U.S. Steel (X) stock has been under pressure recently. However, at $16.78 per share X shares are 2.73 times higher than at their bottom in early 2016 that took the price of