Replies to post #25212 on The Rising Influence of Rising Affluence

[DewDiligence]

Nice synopsis of the bull case for CLF and other US steelmakers! That belongs in a yellow sticky.

[santafe2]

Thanks for the excellent backgrounder. I've still got a lot to wrap my head around. I've cut/paste a couple of FRED charts. I'd like to know if I'm roughly correct in two assumptions or still wandering in the woods somewhere.

Top chart is a five year chart of iron and steel. Can I use this as a proxy for input costs? This has almost doubled.

The 2nd chart is as close as I could find in FRED charting for HRC. These prices have almost tripled.

As DD mentioned the other day, it appears steel companies are being priced for a recession. We should have a much more clear picture by April. Thanks again for taking the time to respond.

[DewDiligence]

CLF—A large proportion of the prepared remarks on today's CC was related to ESG. Essentially, LG said that most other steelmakers are all talk and no action with respect to reducing emissions.