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Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:11 EDTSCHN, AKS, STLD, XSteel makers rise after AK Steel announces price hike
A number of steel companies are advancing after AK Steel (AKS) announced last night that it would increase the price of all carbon steel products by $50 per ton. The increase will be implemented immediately on all new orders, the company said. In early trading, AK Steel climbed 3.38% to $5.50, United States Steel (X) rose 3.60% to $21.89, Schnitzer Steel (SCHN) added 1.67% to $29.80 and Steel Dynamics (STLD) gained 2.78% to $13.68.
News For AKS;X;STLD;SCHN From The Last 14 Days
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March 3, 2015
10:01 EDTX, AKSOn The Fly: Analyst Downgrade Summary
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06:20 EDTXU.S. Steel downgraded to Neutral from Buy at Nomura
Nomura believes U.S dollar strength and cost curve deflation driven by lower raw material prices and freight rates will continue to alter the global steel landscape. The firm expects continued export pressure by Russia and China into the global market to be highly disruptive, and when combined with further U.S. dollar strength, to pressure the U.S. steel sector. As a result, Nomura downgraded U.S. Steel (X) to Neutral and lowered its price target to $21 from $37.
06:20 EDTAKSAK Steel downgraded to Neutral from Buy at Nomura
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March 2, 2015
09:23 EDTAKS, SCHN, STLD, XBofA/Merrill U.S. metals/mining analysts hold analyst/industry conference call
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February 23, 2015
13:01 EDTAKSAK Steel to build research and innovation center in Middletown, Ohio
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07:45 EDTSTLDSteel Dynamics remains a Best Idea at Morgan Stanley
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