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Stock Market & Financial Investment News

News Breaks
July 6, 2013
14:57 EDTX, AKSSudden acceleration of steel prices concerns buyers, WSJ says
Due to a few unforeseen events, steel prices have ticked up in recent weeks leaving buyers of the metal concerned on pricing and inventory, says the Wall Street Journal. Mechanical issues in Ohio and Brazil, along with a worker lockout in Ontario, have taken 4% of the U.S steel supply off the market in the last few months, added the WSJ. Reference Link
News For AKS;X From The Last 14 Days
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June 30, 2015
14:34 EDTAKS, XIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTAKS, XSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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