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Did Steel Stocks Just Hit A Bottom? J.P. Morgan Says Buying Opportunity Might Be Now

2015-07-30 20:42:18| Steel - Topix.net

In a report published Thursday, JP Morgan analyst Michael F. Gambardella said that the fundamentals for the domestic integrated steelmakers had recently bottomed. The analyst added that shirking imports, coupled with stable demand, could push steel prices higher through the end of the year.

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