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ALSO READ: 6 Oil and Gas Stocks Analysts Want You to Buy Now. United States Steel Corp. (NYSE: X) saw its price target raised to $15 from $7 in the Barclays call. Merrill Lynch raised its price objective to $9 from $1 to reflect a sharp EBITDA recovery from higher selling prices and as valuations remain at a trough.
Since the beginning of the year, the cost of hot-rolled steel is up 81 percent; cold rolled is up 69 percent; and galvanized steel is up 54 percent. The spot prices on flat-rolled steel are now at the $1,000 mark.About a year ago, it was selling at about $650 to $700 a metric ton.ince the beginning of the year, the cost of hot-rolled steel is up 81 percent; cold rolled is up 69 percent; and galvanized steel is up 54 percent. The spot prices on flat-rolled steel are now at the $1,000 mark.