Replies to post #17972 on The Rising Influence of Rising Affluence

[DewDiligence]

During 4Q18, CLF repurchased 5.4M shares @$7.47-$9.25.

[DewDiligence]

CLF—Due to the increased demand from US EAF steelmakers, CLF increased the capacity of its Toledo HBI plant from 1.6MT to 1.9MT. First HBI production is still planned for mid 2020.

[DewDiligence]

CLF 1Q19 results:

https://finance.yahoo.com/news/cleveland-cliffs-inc-reports-first-110000708.html

1Q19 GAAP EPS = ($0.08) vs ($0.29) in 1Q18. The first calendar quarter normally produces a loss because the frozen Great Lakes impede shipments of iron-ore pellets to CLF’s customers.

The stock is +4%/PM.

CC at 9am ET.