U.S. Steel "Lower steel prices are the primary driver of our lower estimates for US Steel," Goldman Sachs analysts wrote in a report on Sunday. "While there will be some incremental benefit from the new Carbonyx facility and coke batteries as well as increased demand from auto/energy sectors, the high cost structure means that US Steel's earnings continue to be highly leveraged to the steel prices." Shares of U.S. Steel hit a 52-week low on Monday of $18.11. The stock's 52-week high of $47.33 was set on July 5. U.S. Steel's forward P/E is 13.1; the average among its peers is 15. For comparison, Nucor ( NUE) has a higher forward P/E of 15.25. Twelve of the 23 analysts who cover U.S. Steel rated it hold. Eight analysts gave the stock a buy rating and three rated it sell. The stock has fallen 31.59% year to date.