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ALSO READ: 6 Oil and Gas Stocks Analysts Want You to Buy Now. United States Steel Corp. (NYSE: X) saw its price target raised to $15 from $7 in the Barclays call. Merrill Lynch raised its price objective to $9 from $1 to reflect a sharp EBITDA recovery from higher selling prices and as valuations remain at a trough.
US stainless: Scrap prices hold. Houston, 17 April (Argus) â Stainless steel scrap buying prices held steady Monday as the London Metal Exchange (LME) was closed in observation of the Easter holiday. Argus assessed processor buying prices of 304 scrap solids at 56-58Â¢/lb, while turnings traded at 51-53Â¢/lb, unchanged.