29
Oct
16:19
Deutsche Bank downgrades ArcelorMittal
Deutsche Banks has lowered the share price target of ArcelorMittal from €9.50 ($1.05) to €7.00, but is sticking to its “hold” rating, saying that the the risk/reward balance is fair. The readjustment is mainly attributed to the risk of falling international prices in the wake of excessive exports from China.
Given that “imports and negative sentiment weigh on steel margins in the North American Free Trade Area and Europe, and Brazil i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous