Replies to post #5845 on The Rising Influence of Rising Affluence

[DewDiligence]

CLF—Thanks for reminding us about the bifurcation of the stainless-steal market and how CLF's focus on the ferrite segment of the market is a logical approach. That this segment of the market can't be satisfied by scrap is certainly bullish for iron-ore producers in general.

Still, I would not consider CLF a core investment holding if my bullishness hinged on the success of CLF's ambitious chromite project.

[DewDiligence]

CLF/VALE/BHP/etc—On this board, we’ve discussed the impact of recycled steel scrap on the iron-ore mining industry; this WSJ article is about a company who is recycling iron-ore scrap per se, pelletizing it, and selling it to steelmakers:

http://online.wsj.com/article/SB10001424127887323339704578171512576270722.html

This magnet-based technology doesn’t have much uptake yet, but it’s something to keep an eye on.