Replies to post #2574 on Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

Good eye....
62%+ Fe is leaving the lower grades in the dust(at the ports).
ps-is this one of the drivers for Vale's moonshot??

[Saving Grace]

Exactly, the markets are segregating and futures are indicating the difference already. Then it's all about supply and demand. Nucor already spotted the direction and is already on board with Trinidad.

[DewDiligence]

Re: Bifurcation of seaborne iron-ore market by Fe content

I suspect that many of the metals analysts who participate on CLF's CCs had not fully appreciated the bifurcation of the seaborne iron-ore market unless LG laid it out for them, as described in your post. (If the analysts already knew this, why weren't they talking about it in their sell-side reports?)

p.s. I stickied your post.

[DewDiligence]

Is there an established futures market for the lower-quality iron ore?

[DewDiligence]

VALE’s CEO forced out: #msg-129005395.

[DewDiligence]

Daytime photo in Shengfang China (Hebei province):



From today’s NYT.