With CLF compared to VALE and RIO, you have to wonder how much of its troubles are related to the company rather than the industry?
Here are some interesting comparisons:
1. CLF trades below its 200DMA, and you need to go all the way back to 2004 to when the stock traded lower.
2. VALE and RIO both trade above their 200DMA.
3. RIO is trading twice above its 2004 closing price.
4. VALE is trading three times above its 2004 close.
While the global markets confirm the slowdown in materials and IO pricing/stocks, CLF clearly is the loser to its piers.