Our stock group just discussed this. For the past 5 years it was automatic where the 4th quarter peak was a sell as the 1st quarter always slumped because of Lake Superior freezing and ships going in drydock layup for seasonal repairs and such.
Now it doesn't matter as we can now stock pile in Toledo where HBI will be shipped by rail to the electric arc steel mills.
My point is we won't have a 1st quarter slump in share price as volumes will maintain themself.
This will be the last 1st quarter where the swing is still there to flip the stock. Then it's steady as she goes.