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DewDiligence

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DewDiligence

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Re: DewDiligence post# 25741

Friday, 07/22/2022 2:54:23 PM

Friday, July 22, 2022 2:54:23 PM

Post# of 30564
CLF 2Q22 results:

https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/553/cleveland-cliffs-reports-second-quarter-2022-results

This was the company’s highest-revenue quarter ever.

The next set of pricing-contract resets occurs on 10/1/22. CLF asserts that the prices that go into effect then will be increases, even if spot prices have fallen during the interim.

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

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