The Rising Influence of Rising Affluence

[DewDiligence]

CLF observation—Spot seaborne iron-ore prices are down ~40% in the past few months, but this affects CLF not at all. Much of the rationale for CLF’s acquiring AKS and MT-USA, becoming an integrated steelmaking company, was to decouple CLF from the vicious price fluctuations in the iron-ore market.