"JSW’s capacity is nearly double that of Tata Steel’s Indian operations, trailing only state-owned Steel Authority of India. In recent weeks it has been linked with a possible bid for struggling Indian peer Essar Steel in Indian media reports;
Looks like JSW may be making a play for ESSAR Algoma's parent? Would probably mean divesture of Essar Algom and/or Essar MN as Algoma struggles with profitability and MN requires a lot more investment - which JSW may not be able to afford?
sold to Essar/ Algoma. Ore boats been running steady since the start of the season from Duluth and Two Harbors to Essar Steel. That used to be CLF customer. I'd bet they're not giving them away and with the run-up in I/o pricing, could be a nice increase to earnings.
already started with Pathfinder moving I/O shipments from lakeside docks up river to MT in Cleveland beginning Mar 2nd) The Seaway opens shortly followed by the SOO. USCG's Adler already out breaking ice in the harbors around the western GL's. With the restrictions starting on foreign steel imports (crc announced already and hrc coming soon for 3/14) this might make for a nice recovery for USIO. Now does that make me a pumper?