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Deutsche Bank analysts see bottom in steel prices

United States Steel X +0.22% shares rallied as much as 6%, leading percentage gainers on the S&P 500 Index SPX +0.83% — something they haven’t done in a long time. The primary catalyst was a research note from Deutsche Bank analysts, who are calling a bottom in steel prices and raising their recommendations on US Steel and AK Steel Holding Corp. AKS -0.12% to buy from hold.

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