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DewDiligence

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DewDiligence

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Re: semi_infinite post# 19360

Monday, 08/19/2019 3:04:55 PM

Monday, August 19, 2019 3:04:55 PM

Post# of 30495

Don't follow CLF. What is approx distribution of end market for CLF production?

Essentially 100% of CLF’s end-user production is in the form of pellets for steelmakers in the Great Lakes region.

Recently, CLF started shipping DRI pellets to its own HBI factory in Toledo, OH that will begin commercial production of HBI in mid-2020 for use by new EAF customers (rather than the blast-furnace customers CLF currently ships to).

CLF’s current valuation does not ascribe any value for the HBI business—see #msg-146743618.

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

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