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Arrium (ASX:ARI) was downgraded by Deutsche Bank from a “top pick” rating to a “sell” rating in a research note issued on Wednesday.

Shares of Arrium (ASX:ARI) traded up 0.61% on Wednesday, hitting A$0.830. The stock had a trading volume of 1,737,315 shares. Arrium has a 52-week low of A$0.760 and a 52-week high of A$1.875. The stock has a 50-day moving average of A$0.89 and a 200-day moving average of A$1.32. The company’s market cap is A$1.126 billion.

Arrium Limited is an international mining and materials company. The Company’s principal activities are mining and supply of iron ore and other steelmaking raw materials to steel mills internationally and in Australia; the manufacture and supply of mining consumables products globally; the manufacture and distribution of steel long products and recycling of ferrous and non-ferrous scrap metal.

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