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Jefferies Downgrades Steel Giants En Masse

2016-03-21 23:47:34| Steel - Topix.net

Despite recent evidence that the steel market is improving, bolstered by near-term upside, Jefferies issued an industry note, broadly downgrading top steel companies. Jefferies cited seasonal restocking, demand growth and "mounting protectionist trade barriers" as all near-term tailwinds.

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