United States Steel (NYSE: X) is one of the oldest steel makers around, holding an iconic place in the industry even if it is no longer the leading company in the space. Part of the problem stems from its long history, even though the company has been using the most recent industry upswing to traverse a more stabilizing path. Here's why, despite the changes that are taking shape at U.S. Steel, it still isn't as well positioned as some key peers.

The steel industry has put together a string of very strong years. While 2022 didn't set a record on the earnings front, U.S. Steel's adjusted earnings per share figure of $9.95 was the second-best in its history. The best year, meanwhile, was 2021, when the company's adjusted earnings hit $13.48 per share.

Image source: Getty Images.

Continue reading

Source Fool.com