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DewDiligence

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DewDiligence

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Re: biolover post# 19247

Friday, 08/02/2019 9:41:00 AM

Friday, August 02, 2019 9:41:00 AM

Post# of 29432
The spot price of seaborne iron ore, which is one of three* components in the formula CLF uses to price its pellets to blast-furnace steelmakers, declined sharply in the past two days.

*The other two components are the Atlantic Pellet Premium, and the US benchmark price of hot-rolled steel.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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