AK Steel stock bumped from Goldman Sachs buy list
Tags: USA , US Steel , North America | similar articles »
US Steel replaced AK Steel on the Goldman Sachs buy list Monday, with shares up +2.2 percent to $60.19. AK Steel's shares fell by almost -5 percent and now stand at $23.91, and the stock is currently listed as neutral.
Financial analysts attribute the move to rising raw material prices, which should support higher steel prices and benefit vertically integrated steelmakers such as US Steel.
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