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HARTFORD, Conn. (AP) — Second-quarter earnings in the steel and metals sector may improve as the industry benefits from better access to capital, higher prices for scrap metals and a possible recovery in China's markets, an analyst said Tuesday.
KeyBanc Capital Markets analyst Mark L. Parr said he favors Steel Dynamics Inc., Nucor Corp. and AK Steel Holding Corp. and recommended shares of Reliance Steel & Aluminum Co.
Parr also said GrafTech International Ltd. benefits from pricing power and a strong operating model. ...
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