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Stock Market & Financial Investment News

News Breaks
September 2, 2012
17:15 EDTXU.S. Steel reaches tentative agreement with USW
United States Steel Corporation announced a tentative agreement with the United Steelworkers, USW, on a successor three-year collective bargaining agreement covering approximately 16,000 USW-represented employees at U. S. Steel's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Lorain, Ohio, and Fairfield, Ala. The tentative agreement remains subject to ratification.
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May 24, 2013
09:35 EDTXSteel price increase unlikely to stick, says Credit Suisse
After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall.

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