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Fly News Breaks for January 30, 2019
AKS
Jan 30, 2019 | 08:31 EDT
As previously reported, Longbow downgraded AK Steel to Neutral from Buy. Analyst Chris Olin said current market conditions and management's full year guidance were below his expectations. He now sees potential headwinds developing from slowing US automotive demand, new carbon sheet supply entering the US market, and potentially higher iron ore prices.
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