The Rising Influence of Rising Affluence

[DewDiligence]

CLF—Thanks for reminding us about the bifurcation of the stainless-steal market and how CLF's focus on the ferrite segment of the market is a logical approach. That this segment of the market can't be satisfied by scrap is certainly bullish for iron-ore producers in general.

Still, I would not consider CLF a core investment holding if my bullishness hinged on the success of CLF's ambitious chromite project.