Replies to post #28062 on The Rising Influence of Rising Affluence

[jbog]

Cliffs is in good place with the specialty steels and it'll help in the long run.

If you remember back earlier this year when Cliffs was throwing out a price increase just about weekly, well those increases which took the price into the $1200 range is now pegged in the low $900's.

That price might be hard to swallow considering their contracts.