Cleveland Cliffs Inc (CLF)

[keep_trying]

SG, after looking at the video you shared about flooding, wait and see makes the most sense to me. I hope the people there are doing OK, as flooding is a big hardship. The “if this, then that” speculation is always with us. Suggesting that 15% of the world’s manufacturing will be interrupted (as the video narrator suggests) due to these heavy rain events seems hyped up and the string of events that would touch US steel manufacturing very speculative. I hope the flood management system failure doesn’t happen and would be surprised if the speculated consequences did. For now, the flood control system there looks like it is being challenged to deliver what it is designed to do while some flooding did/is occurring. Yet, I see world demand for goods and services while emerging from a pandemic driven production curtailment as being where the steel demand and high market pricing story resides. Cliffs is entrenched in the US steel supply infrastructure and that is still needing tariff protections against illegal dumping of foreign steel, at least, for the near term. Just my opinion.