US Steel is going to be profitable next quarter onwards. This is in line with all the analysts forecast. US Steel is not overvalued
Looking ahead to the second quarter, Surma said, "We anticipate being profitable in all three of our operating segments in the second quarter of 2010 as gradually improving business conditions should be reflected in our operating results, most notably for our Flat-rolled segment.
A break above $61.7 would trigger a short squeeze towards $65.
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