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X - Steel names downgraded at J.P. Morgan on weak steel price outlook
United States Steel Corporation
U.S. Steel (NYSE:X) -3.4%, AK Steel (NYSE:AKS) -5.3% and Cleveland-Cliffs (NYSE:CLF) -3.2% pre-market after J.P. Morgan downgrades shares of the three steel producers, saying "the uncertainty around trade and supply addition announcements are weighing on sentiment and pricing, which have lowered our steel price expectation for the foreseeable future."
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