Goldman Sachs analysts have downgraded US Steel to Sell from Neutral and cut its target price on the stock to USD 20 a share from USD 30 a share.

Goldman said that Wall Street earnings estimates for the second half of 2011 are too high.

Analysts said that "Current share price does not appear to fully reflect the near term downward pressure on steel prices as supply continues to exceed demand in the US."

Goldman upgraded AK Steel AKS to Neutral from Sell because it doesn't see more downside from current levels.

(Sourced from MarketWatch)