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Why Shares of Steelmakers Are Surging Today

08:16pm, Tuesday, 24'th Mar 2020
With the broader market having a strong day, steel stocks are along for the ride.
Continued build-up of China steel inventories due to rising production coupled with softer domestic demand is likely to hurt steel prices.
Continued build-up of China steel inventories due to rising production coupled with softer domestic demand is likely to hurt steel prices.
Steel Dynamics upgraded to Overweight on valuation at KeyBanc KeyBanc STLD MT NUE RS
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