NEW YORK (TheStreet) -- Investors unloaded shares of steelmaking concerns Tuesday after one of its bellwethers, U.S. Steel (X), appeared to toss a wet blanket on hopes of a speedy recovery in the industry.The Pittsburgh company, along with Ohio's AK Steel ( AKS - Get Report), surpassed bottom-line expectations for their just-ended periods, with the former reporting a narrower-than-expected loss and AK swinging to a thin profit after losing money for three consecutive periods. But U.S. Steel in particular offered a view of its business over the near term that appeared to show that some market expectations for steel producers may have been out of whack with reality. One of the more pertinent lines from the company's press release read: "We remain cautious in our outlook for end-user demand as order rates
AK Steel shares, meanwhile, shed 9.5%, or $1.78, to $17.01. Elsewhere in the domestic-steel sector, Nucor ( NUE - Get Report) lost 5.2% to $41.04; Steel Dynamics ( STLD - Get Report) declined 3.7% to $14.17; and Worthington Industries ( WOR - Get Report) retreated 3% to $11.44. Among overseas concerns, American depositary receipts of the European steel giant Arcelor Mittal ( MT - Get Report) gave up 4.6% to $35.70, while South Korea's Posco ( PKX - Get Report) saw its New York-listed issues slip 2% to $112.67. -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.