Home AK Steel (AKS) Stock Hits One-Year Low Today After Citigroup Cuts Iron Ore Forecasts
 

Keywords :   


AK Steel (AKS) Stock Hits One-Year Low Today After Citigroup Cuts Iron Ore Forecasts

2015-01-14 23:55:36| Steel - Topix.net

The firm trimmed its outlook as cheaper oil and declines in producers' currencies both bring down supply costs, which signals that the energy rout is feeding through to other commodities, Bloomberg reported. Citigroup predicts iron ore would average $58 per metric ton in 2015 and $62 per metric ton in 2016, down from previous estimates of $65 for both years.

Tags: today low stock hits

Category:Materials

Latest from this category

All news

»
27.11topps now psa10
27.11 THE ORAL CIGARETTES SUCK MY WORLD
27.11 E
27.113DS .SD()
27.11181
27.11YAMAHA KUSHITANI LL
27.11tsnomi.com
27.11
More »