News Focus
News Focus
icon url

DewDiligence

08/23/21 6:36 PM

#24561 RE: DewDiligence #24543

CLF observation—Spot seaborne iron-ore prices are down ~40% in the past few months, but this affects CLF not at all. Much of the rationale for CLF’s acquiring AKS and MT-USA, becoming an integrated steelmaking company, was to decouple CLF from the vicious price fluctuations in the iron-ore market.