Replies to post #1127 on Cleveland Cliffs Inc (CLF)

[Saving Grace]

For BHP and VALE, Great for $CLF

The over supply glut was being caused by Samarco which is jointly owned by VALE and BHP. The entire Brazilian operation is halted until an estimated 2019 at the minimum.

This stands for approximately 100 million tonnes of pellets for the 3 year period and possibly more out of the equation.

And Cliffs is prepared.