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United States Steel (X) Stock Hits One-Year Low Today After Goldman Sachs Cuts Iron Ore Forecast

2015-01-23 18:12:49| Steel - Topix.net

The firm said in a research note Friday that iron ore, a key ingredient in making steel, could average $66 a metric ton this year, down from an earlier estimate of $80. This marks Goldman Sachs' first reduction on its 2015 prediction since March 2013, according to Bloomberg .

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