Patriot Coal ( PCX) lost 8.0% last week, while Cliffs Natural Resources ( CLF) fell 7.9%. Yanzhou Coal Mining ( YZC) fell 7.9% last week after its third-quarter profit decreased 70% to $172 million from the year-ago quarter.
sees the effects as a "relative tactical positive" for steel companies, including U.S. Steel X and AK Steel AKS .
U.S. Steel bears could be sorry after the close Tuesday.
Second quarter shipments fell 6% to 1,465,200 tons compared to the second quarter a year ago, "primarily as a result of a decrease in automotive demand."