CLF- FCX is at a ten year low. TEN and AXL big steel users in the auto space have been obliterated and sit at a ten year low. AXL was a Wall Street darling awhile back. Could the management team at CLF be interested in the 3% yield with CLF?
Gold Miners are the only place that seems to be working..
U.S. steel prices have declined probably greater than 30% over the last year while U.S. production has dropped by around 10%. Doesn't make the sector currently attractive.
In my view CLF is undervalued but I don't see and turn around that anyone has to rush in.