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Fly News Breaks for November 3, 2017
GSM
Nov 3, 2017 | 10:32 EDT
Stifel analyst Paul Forward noted that the Canadian International Trade Tribunal issued a negative ruling in the silicon metal import cases, which is a negative development for Ferroglobe. However, he notes that imports into Canada accounted for just under 5% of total North American consumption in 2016 and he does not expect an impact on U.S. antidumping and countervailing decisions from the Canadian ruling. He maintains a Buy rating on Ferroglobe shares.
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