X - Embedded Expectations Analysis - 2018 02 15
ï€ United States Steel Corporation (X:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B, implying bearish expectations for the firm. However, management is confident in their safety programs, quality and reliability improvements, and working capital managementï€ Specifically, management is confident in their emphasis on focus, discipline, and execution, and that their expanding safety programs will take their safety performance to the next level. Additionally, they are confident in their commitment to reaching their goals for improvements in quality and reliability in a cost-effective and timely manner, and in their serious focus on cash and working capital management as they are the pulse of their business. Furthermore, they are confident that they will have the same type of assessment regarding their steel volume next year, and in their desire to be on the offense and opportunistic in troughs going forward
United States Steel is a steel producer of flat-rolled and tubular products with production operations in the United States and Europe. The company is also engaged in railroad services and real estate operations. The company's segments are: North American Flat-Rolled, which produces slabs, strip mill plates, sheets and tin mill products; U. S. Steel Europe, which produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials; and Tubular Products, which produces and sells electric resistance welded steel casing and tubing (known as oil country tubular goods), and standard and line pipe and mechanical tubing.
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