Steelmakers in Japan, South Korea and Germany agree to price hikes of at least 65% for iron ore, the main raw material in steel, but it remained unclear if that figure would set the benchmark across the industry.
Steel stocks to keep an eye on:
Cleveland Cliffs (CLF)
Rio Tinto (RTP)
US Steel (X)
AK Steel (AKS)
Might as well add Freeport McMoRan (FCX)
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