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Stock Market & Financial Investment News

News Breaks
June 24, 2014
16:11 EDTAKSAK Steel to increase base prices for stainless steel products
AK Steel said that it will increase base prices for all of its stainless steel products, effective with shipments on July 6. AK Steel said that all automotive grades will be increased by $40 per ton, and that all non-automotive grades will be increased by $200 to $300 per ton, depending on the product.
News For AKS From The Last 14 Days
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June 30, 2015
14:34 EDTAKSIron 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.

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