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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:06 EDTX, CRSCarpenter Technology & U.S. Steel enter into steel development agreement
Carpenter Technology (CRS) has finalized the completion of a formal cooperation agreement with United States Steel (X) which allows for the development of a new “lightweighting” steel for automotive applications. Originally designed for the aerospace industry, the new alloy may help automotive manufacturers meet recently mandated Corporate Average Fuel Requirement standards by lightweighting vehicles through mass reduction.
News For CRS;X From The Last 14 Days
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March 3, 2015
10:01 EDTXOn 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.
March 2, 2015
09:23 EDTXBofA/Merrill U.S. metals/mining analysts hold analyst/industry conference call
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