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US, EU Join Forces To Tackle China's Steel Surplus, Reshaping Trump-Era Tariffs
Thursday, September 7, 2023 - 9:20am | 656The U.S. and the EU are on the verge of a groundbreaking partnership aimed at countering China’s burgeoning steel surplus. This audacious move not only seeks to curb excess steel production, but also aims to bury the hatchet on a long-standing trade dispute that traces its roots back to the...
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AK Steel Upgraded On Expectations Of Higher Steel Prices
Thursday, December 7, 2017 - 10:26am | 372The U.S. Department of Commerce's recent ruling against China exporting steel to Vietnam as a stepping stone towards exportation to the U.S. to avoid duties would help support steel prices which bodes well for companies like AK Steel Holding Corporation (NYSE: AKS). The Analyst JPMorgan's...
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Metals And Mining Stocks Booming
Tuesday, March 1, 2016 - 11:47am | 257Metals and mining stocks surged on Tuesday, partly due to encouraging news out of China that should support commodity prices. China expects to lay off nearly 2 million workers in the coal and steel industries, representing around 15 percent of the total workforce. The country's actions are part of...
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Steel Price To Recover In 2016, Major Bank Predicts
Tuesday, November 24, 2015 - 4:44pm | 499Timna Tanners of Bank of America is expecting 2016 benchmark US hot rolled coil (HRC) to average $455/short ton, marking an increase from current spot prices of around $375 to $390 per ton. Tanners suggested that minimills will prove to be the "more attractive" investment option...
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This Analyst Says Sell Shares Of US Steel
Friday, August 21, 2015 - 7:57am | 360After China devalued its currency, some United States Steel Corporation (NYSE: X) investors are left more confused than ever. Will U.S. government protectionist measures (and cost-cutting initiatives) be enough to fight back against deflationary pressures from China? Gordon Johnson of Axiom...