The future actually can be predicted following past events as history repeats itself.
Just like last time electric arc blast furnaces have run out of scrap metal as junk yards are again refusing to cash it in at scrap prices meaning junkyards are hoarding supply and waiting it out just like before.
We didn't service electric arc before but now we do and the reason so many ships are delivering product the last quarter which we will see soon in the quarterly report. The demand is already there and we are shipping product that was stock piled surplus that we already absorbed the cost to mine in previous years.
CLF is a winner and will stand alone after weathering the storm once again.
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