As compared to NUE, CLF is more strongly tied to the automotive sector rather than the commodity-like steel used in construction and appliances.
On the 1Q23 CC three months ago, CLF’s CEO said CLF projected 2023 US car sales of 15.5 units, up sharply from 2022 (#msg-171768206). Let’s see what he has to say on the CC tomorrow.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”