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10 Steel Stocks With Upside

6. U.S. Steel (X - Get Report), an integrated steel producer, operating in North America and Europe. The company manufactures a wide variety of flat-rolled and tubular products. It operates in three major segments: flat-rolled products, U. S. Steel Europe and tubular products. The company's other businesses include transportation and real estate services.

For the first quarter of 2011, the company's net sales grew 24.8% to $4.9 billion from the year-ago quarter. Net loss narrowed to $86 million or 60 cents per share, compared to $157 million or $1.10 per share in the first quarter of 2010. Raw steel capacity utilization in 2011 first quarter stood at 77%, up 5% sequentially.

The company's Serbian unit recently launched a new roll servicing facility worth more than $5 million at its cold rolling mill in Smederevo. For the first quarter of 2011, U.S. Steel declared a dividend of 5 cents per share payable June 10, 2011. Heading into the second quarter, the company expects to record an overall operating profit, benefiting from higher price realization in the flat-rolled segment.

Of the 13 analysts covering the stock, 46% recommend a buy while 46% rate a hold. Data from Bloomberg has analysts reporting an average 12-month price target of $57.57, or 31% higher than the stock's current price.

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