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On Friday, BMO Capital Markets adjusted its outlook on US Steel (NYSE:X) shares, lowering the price target to $43 from the previous $45, while maintaining an Outperform rating on the stock.

The QoQ decline was due to weak realization. Steel production stood at 5.27mt, whereas deliveries stood at 5.1mt (+6% YoY/+3% QoQ) against our estimate of 5.06mt. ASP stood at INR63,404/t (-11% ...

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BHP, Rio and Fortescue tumbled on Monday after the price for the steelmaking mineral nearly fell to the $US100 mark.