Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Holding 100 Calls with April 2020 and $5 strike price....did not.know you need to call broker even to buy the stocks..so this one may make money but there is no options market ..will have to wait until expiration to know what happens.
What Chinese govt is saying about virus...As CLF CEO said...iron ore prices are directly related to what happens in China..corona virus may be the black swan event for iron ore industry ..termporarirly
The Shanghai Cooperation Organization issued a statement in support of China’s efforts in countering the novel coronavirus pneumonia epidemic. Secretary General Vladimir Norov of the SCO also said previously that the SCO member states will stand with the Chinese people to jointly fight against the epidemic. What is your comment?
A: On February 14, the SCO issued a statement in support of China’s efforts in countering the novel coronavirus pneumonia epidemic. The statement said that the SCO member states welcome the decisive measures undertaken by the Chinese government and people to fight the epidemic and to stop it from spreading. The member states reaffirm their readiness to render China the necessary assistance and to closely cooperate with China. They call on the international community to step up their coordination within the World Health Organization for better public health security. The member states are convinced that coordinated joint efforts as well as mutual support will make it possible to overcome this epidemic and to contain its spreading.
The SCO, a comprehensive regional organization commanding major international influence, has been advocating the “Shanghai Spirit” and promoting common development and prosperity in solidarity. Since the outbreak of the epidemic, the SCO members have been cooperating with mutual support to address new threats and challenges. Leaders of the SCO member states have all sent messages of condolences in which they spoke highly of China’s forceful measures and expressed their readiness to provide support and assistance. The SCO statement once again showcased the fine tradition of the member states sharing weal and woe through thick and thin. China will continue to closely cooperate with the international community, including the SCO member states, to mount a joint response against the epidemic and uphold regional and global public health security.
https://www.fmprc.gov.cn/mfa_eng/xwfw_665399/s2510_665401/2511_665403/t1745046.shtml
In other words, this doesn't necessarily mean that China's imports of crude and iron ore are plummeting, what it does mean is that the ports seem to be struggling to get back to normal volumes of cargo movements
https://mobile.reuters.com/article/amp/idUSKBN2070GW?__twitter_impression=true
YRC Worldwide carriers announce effective March 2, 2020, there will be a general rate increase (GRI) of 4.9% on base rates for non-contractual shipments in the United States and Canada however the impact on specific shipments may vary.
This GRI is necessary to offset the economic impact of inflationary costs across the transportation industry and to support on-going improvements to our service. YRC Freight continues to invest in key areas to keep pace with a growing market and to enhance capacity and service, including driver recruitment and training, new equipment and new technology. These investments will allow YRC Freight to consistently meet our customers’ needs to the highest standard of service.
Questions about our services or rate change? Please contact your local YRC Freight account executive.
https://yrc.com/about/news-articles/yrcw-carriers-announce-a-4-9-general-rate-increase/
Holding 100 Calls April exp 32.5 strike..bought for 1.02 each..it went down since i bought a month ago... just sharing the fact lets say as a loser at the moment. And it may go to near zero if there is no surprise,tomorrow
Added 15.25
CEO change has been a good criteria for putting stocks on watchlist..CEO change on a stable to growing industry and weak company...good result after a while..when either process improvements (hiring firing promotion demotion etc),are done or financial reengineering to reduce interest payments on existing debts...
You have been around this board since last election. Hope CLF gives you some bonus shares for being with the company in bad and good times :)
Ok. Nevermind
Thursday, February 6, 2020
U.S. importer sues Trump over expanded 232 steel and aluminum tariffs
February 5, 2020 at 5:48 PM
A U.S. importer is seeking a restraining order against the expansion of Section 232 steel and aluminum tariffs while the U.S. Court of International Trade hears its case alleging the Trump administration’s move -- set to go into effect on Saturday -- violates several U.S. laws. The Trump administration announced last month that it was expanding the scope of Section 232 tariffs on steel and aluminum it levied in March 2018 to cover certain derivative goods. PrimeSource Building Products, a...
They can sell assets to raise cash..anyway I am out from this for now
Virus news had no impact.on CLF...thank god
China is fully confident in its capacity to win the fight against the virus, Hua said.
The decisive and effective measures China has taken are gradually taking effect, and the fatality rate of the disease in the Chinese mainland is 2.1 percent, "much lower than that of Ebola, SARS and MERS", Hua said, adding that the recovery rate keeps increasing.
The US should view China's efforts objectively, fairly and calmly without overreaction, and respect and coordinate with such efforts, she said.
https://global.chinadaily.com.cn/a/202002/04/WS5e38d76ea310128217274aa5.html
3 old news..and a current
https://www.dailyindependent.com/news/update-on-cleveland-cliffs-ak-merger-ashland-works-furnace-restart/article_69b47cd2-15c8-11ea-a239-a768257df437.html
https://www.bnamericas.com/en/news/vales-hot-briquetted-iron-plan-comes-at-opportune-moment
https://www.lcnewschronicle.com/business/4427620-cliffs-new-ohio-plant-boost-northshore-mining
https://www.miningjournal.net/news/front-page-news/2019/03/cliffs-ceo-mulls-predicted-iron-ore-shortage-nashwauk-project/
Nevermind. May be not
An event which involves CLF HBI
https://seaoo.org/meetinginfo.php?id=360
This stock will go above 3 dollars in 2020.
I think this ping pong game will continue..steel makers will keep protesting and more (better termed) Tariff to follow .this is just the start..One of the agenda at 2020 North American Steel Conference is
2020 electuon and what it means for steel Industry
CLF CEO being involved- steel Industry is already producing TV Advertisment to tell voters how they are suffering by the inaction of current govt etc
So..more.Tariff ahead...This one is effective from Feb 8..until then we may not really.see stock price go up..unless there is one more with less expemptipns...waiting
As election comes closer - articles like these will keep coming - to presurize Trump admin to help the industry make more profit- by forcing the president to increase tariff on foreign steel exporters to USA...same game they played 4 years ago...ao I have the big bet on $CLF..whose CEO is key note speaker at the 2020 North American steel conference to be held on the 3rd week of March 2020...excited and expect Trump to announce more tariff on foreign steel producers...if Trump wont help - He wont get votes from steel workers. Ohio is historically called swing state for election purpose-. Voters.will vote to whoever promises and acts on their demand..and their demand is to make money for the mining industry ..Ohio is very close to Michigan where all the cars of USA are headquartered...Michigan can also be called - Engineering state of the state full of engineers - stuffs.made (coal iron steel aluminium) in Ohio are assembled to be made all kinds of products loke cars and trucks and even washing machines in Michigan
Whirlpool headquarter is in Michigan etc etc- https://www.crainscleveland.com/manufacturing/china-subsidies-are-haunting-us-steel-industry-thats-losing-jobs
Agreed...Our CLF CEO..knows the world we live in much better than most people
He will make sure current administration will help the industry- lots of swing voters..lots of insider buy in 2019..
CLF CEO will be at the panel..one of the agenda is what to do about election 2020..how to benefit
Annual Steel Markets North America Conference
https://10times.com/steel-markets-north-america-conference
What is fair value of CLF for you as of now and if all things go well- in 2022
US steel industry which controls large number of voters in the mid west - they have started ad campaign that current tariff on steel is not enough on international exporters to USA- I suppose steel industry working for our money - straight kura gardha-
We’re not going to be even talking about the tariffs, we’re going to talk about the jobs that they generate,” Cliffs Chief Executive Officer Lourenco Goncalves said in an interview. “This is a campaign explaining to the public that we’re not an industry of the past, but an industry of the present.”
The decision to launch the ad campaign comes amid criticism that Trump’s 25% tariffs on steel imports are hurting the makers of products that use the raw material. Opponents have said the import barriers may raise costs, lower earnings or force employers to lay off workers or move operations offshore.
I was expecting all these- as election comes closer policy imemforcements become wild card meaning - industries that influence voters will do all these- good for short term investors speculators like we are
https://www.industryweek.com/the-economy/article/22026339/us-iron-miner-helps-launch-ad-campaign-to-sing-tariff-praises
as well as millions of dollars in cash proceeds from property sales.
Hawkins expects the consolidation and resulting new operations structure to provide $60 million to $80 million in margin improvements in 2020, as well as millions of dollars in cash proceeds from property sales.
https://www.truckingboards.com/bb/threads/yrcw-takes-reorganization-to-a-new-level-part-1.95269/
Carriers Gain Pricing Power As Truck Capacity Continues To Tighten
I'd this trend continuing?
3 weeks old news.
If the trend is continuing
Election year
https://m.benzinga.com/article/15044672?utm_referrer=https%3A%2F%2Fwww.google.com%2F&utm_source=https%3A%2F%2Fwww.google.com%2F
Sold all. Done with this name. Moving to Heinz Ketchup and LOV dating site stocks
Thanks
Looking dead - added some at 15.98
Brazilian president: Trump has agreed not to hit steel, aluminum imports with tariffs
December 21, 2019 at 10:55 AM
After a phone call on Friday, Brazilian President Jair Bolsonaro said President Trump would not follow through on his pledge to impose national security-based tariffs on the country’s steel and aluminum. “Today I talked to President Donald Trump and, after exchange of views, he decided not to carry forward his intention to surcharge our steel / Aluminum,” Bolsonaro said on his Facebook page . Trump, on Twitter, said Friday’s call was “great” and addressed “ many subjects including Trade ...
Dalian #ironore futures climb to highest level +2.2% to ¥665.5 today.
Right man on top- on point- Gonclaves is the best on W-ST
MBIOI the spot price for benchmark Fe 62% #ironore fines, jumped 5.50% to $93.93 a tonne CFR #Qingdao on 09th Dec, seaborne price rose above the $90-per-tonne mark for the first time since November 25, while Chinese futures saw
Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact's ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday.
Mexican lawmakers earlier this year approved the deal, known as USMCA, which would replace the North American Free Trade Agreement. But Democratic lawmakers have held up U.S. ratification over concerns about how labor and environmental provisions would be enforced.
U.S. Trade Representative Robert Lighthizer also made a last-minute demand to restrict the definition of what would constitute North American steel and aluminum under automotive rules of origin, calling for the metals to be "melted and poured" only in North America.https://mobile.reuters.com/article/amp/idUSKBN1YC0NA?fbclid=IwAR0euhKrenbLjzk9vIEl0O21NzItjq03RMPWOKvQQDDoWXXd1NIxZoX1PPM
US slaps import duties of more than 400 per cent on Vietnamese steel to prevent companies exploiting loophole
The US is hardening its rhetoric against Vietnam, which has benefited from President Donald Trump’s trade war with China
Trump described Vietnam last week as ‘almost the single-worst abuser of everybody’ when asked if he wanted to impose tariffs
https://amp.scmp.com/news/asia/southeast-asia/article/3017055/us-slaps-import-duties-more-400-cent-vietnamese-steel?fbclid=IwAR3RrApquEmuOf5iJhajeaTkiH7aZbQT3kqJqgbiehhPTupuKkbd_KSU1f4