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Steel Price To Recover In 2016, Major Bank Predicts

2015-11-25 01:11:56| Steel - Topix.net

Timna Tanners of Bank of America is expecting 2016 benchmark US hot rolled coil to average $455/short ton, marking an increase from current spot prices of around $375 to $390 per ton. The analyst added that United States Steel Corporation and AK Steel Holding Corporation could only see a near-term boost from trade case and mill price hike headlines.

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