Replies to post #28393 on The Rising Influence of Rising Affluence

[DewDiligence]

As compared to NUE, CLF is more strongly tied to the automotive sector rather than the commodity-like steel used in construction and appliances.

On the 1Q23 CC three months ago, CLF’s CEO said CLF projected 2023 US car sales of 15.5 units, up sharply from 2022 (#msg-171768206). Let’s see what he has to say on the CC tomorrow.

[jbog]

Isn't Q3 when most of the contracts are negotiated? If so it's not good to see Nue's comments.

Nue isn't down that much after the report.