Archive for January 5th, 2007
Downgrade by Credit Suisse hits steel shares
Shares of Arcelor Mittal, ThyssenKrupp and Acerinox slid Wednesday after Credit Suisse Group downgraded the steel industry, saying that flagging demand and more Asian imports might lead to lower profits in the United States and Europe.
Arcelor Mittal, the world’s biggest steel maker, declined €1.36, or more than 4 percent, to €31.49, or $41.44, its steepest [...]
Posted: January 5th, 2007 under Steel, Steel International.
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