Yesterday, Longbow Research announced that it's cutting America's premier steelmaker to "underperform" -- analyst talk for "sell." According to the analyst, demand for steel products (and consequently, for iron ore) is looking to be "flat-to-lower" in the near term. This has Longbow thinking that U.S. Steel shares should be selling for closer to $17, than the $21 and change they currently fetch. Is Longbow right about that? Survey says... Not to hear The Wall Street Journal tell it. In an article last week, the Journal noted that steelmakers have recently been instituting increases in spot prices for their product. And while buyers aren't paying the full 15% price hike (on average) demanded, they are paying about 10% more than pre-hike prices -- about $644 per ton.