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0.000252143217347403 0.00100857286938979 0.0015128593040846 0.0015128593040846 0.0015128593040846 0.0015128593040846 0.0015128593040846 0.0015128593040846
Stock impact report

As Trump touts steel revival, investors still await payoff [MSN Money]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: MSN Money
A lot of investors seem to have lost the memo on the revival of the American steel industry. U.S. President Donald Trump took to Twitter to boast about new plants amid robust demand. While he’s right that the industry is thriving, it’s also worth noting that gains in steel stocks since the U.S. announced import tariffs on the metal have trailed the broader market. © Twitter via Bloomberg President Trump tweet from Sept. 17, 2018. Some U.S. plants have been restarted, and a Federal Reserve report showed steel and iron-ore output has risen for 15 straight months. But in a year in which tariffs have helped fuel a 32 percent surge in domestic steel prices, U.S. producers’ shares have struggled amid investor concerns over the demand outlook and a lack of confidence in the higher steel prices, said analysts including Phil Gibbs at Keybanc Capital Markets. “People are fearful of global demand being hurt with all this trade friction with China, and fearful that input costs are Show less Read more
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