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Papers of ferrous metallurgy again became the leaders of growth (November 3, 2022)

Ferrous metal stocks are up about 50% since their October lows. Analysts cannot explain what caused such a strong rise, and suggest that a large strategic investor is buying up the sector’s papers. Perhaps he has information that the steelmakers will receive (or have already received) a large government order, which will greatly improve their financial situation. However, the state of their finances is shrouded in mystery, since the “big three” steelmakers do not publish balance sheet performance.

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