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Fly News Breaks for September 7, 2018
AKS
Sep 7, 2018 | 05:59 EDT
BofA/Merrill analyst Timna Tanners double upgraded AK Steel to Buy from Underperform and raised its price target to $6 from $5. Tanners is now modeling 2019 spot benchmark hot rolled coil at 750/short ton versus $700 previously and expects 85% of AK Steel's sheet business that is on fixed-price contracts will have a substantial increase in 2019.
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