Cleveland Cliffs Inc (CLF)

[DewDiligence]

CLF acknowledges Section-232 action—in typical Lorenco Goncalves style:

http://finance.yahoo.com/news/cliffs-natural-resources-inc-commends-225000776.html

Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, said, "We applaud the Trump Administration's efforts to eliminate the presence of illegally traded steel in the American marketplace. Cliffs continues to believe that illegal imports threaten the ability of the domestic steel industry to fulfill its role as an important part of the Defense system of the United States.

We also believe that Section 232 might provide the Administration with more powerful instruments to address the, so far, unpunished behavior of the ones that play both sides of their mouths, and continue to insist on being the recipients, within the American territory, of illegally traded steel into our country."