US Steel Tumbles as Investors Seek More From Tariff Windfall

US Steel Tumbles as Investors Seek More From Tariff Windfall
A view of the progess of Tower 3 at the World Trade Center in downtown Manhattan, New York, Jan. 13, 2014. Samira Bouaou/Epoch Times
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U.S. Steel Corp. fell the most among peers as a mixed bag of quarterly results left investors wondering if they would see any real benefit from trade policies that have pushed up U.S. prices of the metal.

While the Pittsburgh-based steelmaker raised its 2018 earnings forecast after a better-than-expected second quarter, it gave a third-quarter projection that trails the average analyst estimate and kept dividends unchanged at 5 cents a share.