1. Hang Gui Xi Xia Ying Du

2. Steel producer Worlds tenth largest by sales Found in 1901 42000 employees Market cap: 3.82 Billion Traded as NYSE: X

4. US STEEL CORP.STEEL DYNAMICS, INC. Stock Price: 26.14 Shares: 144.00M Avg Vol: 15.09M Market-Cap: 3.76B P/E=N/A EPS=-0.86 Dividend: 0.05 Dividend Yield=0.77% Beta=2.43 Stock Price: 13.49 Shares: 218.69M Avg Vol: 4,60M Market-Cap: 2.95B P/E=12.00 EPS=1.13 Dividend: 0.10 Dividend Yield=2.97% Beta=1.86

7. US STEEL CORP.STEEL DYNAMICS, INC. Cash Ratio=18.37% Current Ratio=1.69 ROE=-12.52% Profit Margin=-2.77% Total Asset Turnover=1.13 Equity Multiplier=3.99 Cash Ratio=33.23% Current Ratio=3.56 ROE=6.72% Profit Margin=2.23% Total asset Turnover=1.13 Equity Multiplier=2.67

10. US STEEL CORP.STEEL DYNAMICS, INC. R f =1%(6-Month T-Bill) β =2.43 E(R m )=2.86%(S&P500) E(R i )=R f + β (E(R m )-R f ) =5.52% R f =1%(6-Month T-Bill) β =1.86 E(R m )=2.86%(S&P500) E(R i )=R f + β (E(R m )-R f ) =4.46%

11. US STEEL CORP.STEEL DYNAMICS, INC. D=0.05 r=5.52% Assume g=0 P=D 1 /(r-g)=0.96 D=0.10 r=4.46% Assume g=0 P=D 1 /r-g=2.24

12. US Steel Corp. performs much worse than Steel Dynamics Inc. in all aspects Losing money Higher risk Pays fewer dividend Worse performance of stocks Not tend to be better

13. Market Capitalization: 792B Price / Earnings: 14.8 Price / Book: 2.0 Net Profit Margin: 5.1% Return on Equity: 8.9% Total Debt / Equity: 103.6 Dividend Yield: 2.2%

14. US STEEL CORP.STEEL & IRON INDUSTRY Price / Earnings: N/A Profit Margin: -2.8% Return on Equity: -12.5% Dividend Yield: 0.77% Price / Earnings: 14.8 Profit Margin: 5.1% Return on Equity: 8.9% Dividend Yield: 2.2% US Steel Corp.does not perform as well as the industry as a whole

16. Bad economic environment all over the world Demand of iron and steel drops Prices of resources increases Labor costs in the United States Competitions from foreign countries

17. United States Steel Corporation(NYSE: X ) is not a good stock to invest