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Jim Cramer Say Steel Giant U.S. Steel is Leaner and Meaner

TheStreet's Jim Cramer shares his take on steel company U.S. Steel (X), which has made a comeback, with shares rising almost 7 percent on Wednesday.
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TheStreet's Jim Cramer shares his take on steel company U.S. Steel (X), which has made a comeback, with shares rising almost 7 percent on Wednesday. Investors thought U.S. steel would become a major exporter, until steel prices and growth in China collapsed. Subsequently, the company brought in new management and scaled back some operations, becoming 'leaner and meaner,' according to Cramer. He thinks the stock can head to $50 a share, compared to its current level of just under $41. He also says there is strong demand for hot-rolled steel, which could also act as a boon for the company's stock. Shares of the company remain up almost 38 percent since the start of the year.

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