Cleveland Cliffs Inc (CLF)

[Swine Pablo]

HRC Index is 655 for April, 630 for May and 620 for June. It then settle at 600 for the next few months. By then things should be picking up with infrastructure plans etc etc.

An article was just published on the PLATT's website stating that 650 to 66o is where HRC is at right now and that inventory levels at the mills is dropping. This will keep strong support for the pricing.

Port inventories of Iron Ore in China are dropping now and with the planned development of the new city east of Beijing (three times the size of New York) infrastructure will pick back up in China.

There is no way the big three miners are going to sell their high quality ore for 40 dollars.