A worker walks towards the US Steel Clairton Works March 11, 2018 in Clairton, Pennsylvania.

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The sharp rise in steel prices combined with an abandonment of high pollution projects is expected to drive up the shares of Steel in the United States by more than 40% over the next year, according to Credit Suisse.

Analyst Curt Woodworth upgraded the steel producer to outperform rather than underperform, saying soaring steel prices made it clear that the industry was in a “super cycle.” Steel prices, like the cost of many other commodities and industrial inputs, have weakened in recent months.

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