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LatAm Steel: Buy Gerdau, Sell CSN, Says UBS

2013-10-17 21:09:34| Steel - Topix.net

Based on that thesis, in a series of initiation reports on Latin American steel companies, the broker recommends buying Gerdau as a beneficiary of lower iron ore price, and selling Companhia Siderurgica Nacional , or CSN , since mining is its largest earning generator.

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