Last week, Nucor Corp. reported a drop in first-quarter net income after shipments of steel declined slightly and prices didn't improve until the last month of the quarter.U.S. Steel shares added 31 cents to $28.53 in premarket trading.
Here are Monday's top research calls, including upgrades for AK Steel and Xilinx, and downgrades for Groupon and Bank of America.
The fact that this better data come from across many business lines has not been lost on investors.
European steelmakers traded firmly higher Friday, with mining stocks following suit, after a jump in iron ore prices linked to a brewing trade dispute between the U.S. and China.