This sure gonna drive SP higher over the next 2 months because of tariff and LG has become more focused now... mark my words.
Slow and steady wind the race. We should see CLF SP around $5 by the end of the year. Why am I saying this? Now all 3 operations.. USIO, APIO and NAC (as cost is cut in half..sale or No sale) will be all CF positive
As US Steel reported another QTRly loss.. so says Today's WSJ article.
China 's Commerce Ministry Declined any immediate comments saying it was looking into US's decision. Key steel categories including the corrosion-resistant are hit with this preliminary tariff.
nick..get it in your Fat head that in 2 years or so, CLF will not depend on SB IO as APIO will go away. Besides, CLF is moving to DR pellets and has nothing to do with China IO market or its price.Very high quality DR pellets hold up the price. Also, as debt gets reduced every QTR, CF will continue to improve its Cash Flow and that the one that will drive the SP Up and not the IO raw material price.
Rio,BHP andVvale will be struggling with SB Io pricing and how China goes. CLF is NOt in that
position. Do you get it?
nick..go back and reread Q-3 CC. LG said if coal mines not sold he will cut ALL cost in half and make them EBITDA CF positive. Do you have any problem with it ? He will practically eliminate all CapEx cost related to Coal mines except the maintainance requirements.
Or moving up a little. I think worse is behind. LG is determined to cut 2 Met coal mines expenses in HALF if NOT sold. But I think they will be sold shortly and will further reduce debt by the sale amount.
Count your blessing that they retired over $100 mil in debt. If they keep doing it every QTR, the entire debt can be done with in less than 4 years w/o using any single asset being sold. LG is not a dummy.
Pleasently surprised but expected from the Way CLF was performing since the Q-3 earnings and CC. Next stop to $3.50.
I was gone all day consulting and glad for all Longs. I can tell you if they sell assets and CCAA gets resolved and with DR pellets a new chapter will be written for CLF and Price will go to $5 or higher before the year is over
But Infrastructure of roads and bridges etc. building, more autos slaes, and more housing construction will certainly move the needle fast.
Hope LG is right . I. think this stock will move into $3 range by the end of the week. LG's Q-3 CC was very practical and hope DR pallets trial goes very well. This pallet will bring premium price that CLF badly needs