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AK Steel: Reasons To Go Long

2015-11-12 15:34:32| Steel - Topix.net

AKS has declined over 56% in 2015 but this is a buying opportunity as it looks like a good bet in the current steel environment due to aggressive cost reductions. AKS will benefit from a drop in raw material costs as iron ore prices are under pressure due to low demand, while low oil prices will be another tailwind.

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