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Fly News Breaks for March 17, 2016
STLD
Mar 17, 2016 | 07:13 EDT
Cowen attended the Platts Steel Conference and came away convinced that flat-rolled steel prices are heading higher near-term. The primary drivers are lower imports, domestic production curtailments, increasing raw material prices, and trade cases. Cowen said Steel Dynamics remains its top pick in the space and reiterated its Outperform rating and $25 price target on its shares.
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