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winchem21

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winchem21

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Re: DewDiligence post# 25302

Friday, 02/11/2022 9:49:23 PM

Friday, February 11, 2022 9:49:23 PM

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Many missed Q3 hints that Q4 tonnage down expected and they were accelerating planned 2022 maintenance & repair furnace shutdowns (for three of their eight furnaces) into Q4 of 2021 due to lower auto demand and expectations of ramp up in the second half of 2022. They are shutting down another blast furnace in Cleveland for over 100 days during the March-June period that will be taking 350,000 tons off the market.

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