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Morgan Stanley Sees Positive Momentum In Steel Heading Into Q4; Negative On Coal Names

2016-01-23 09:46:52| Steel - Topix.net

Morgan Stanley's Evan L Kurt mentioned that positive steel market commentary could drive certain heavily shorted names; conversely negative coal commentary may limit upside to some stocks. The easing of imports and inventory headwinds combined with some mill outages have resulted in US steel prices rising from below $360/t to about $400/t in recent weeks.

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Category:Materials

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