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Updated from 11:43 a.m. ET
Weak demand is threatening steel industry efforts to shield itself from low prices, an analyst said in a note to investors late Tuesday.
However, Goldman Sachs analyst Sal Tharani upgraded Olympic Steel(ZEUS Quote) and Nucor (NUE Quote), citing their strong balance sheets.
Tharani predicted further deterioration in end markets for steel such as nonresidential construction, autos, appliances, industrial production and energy. ...
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