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The Company is a producer of iron ore pellets in North America and sells its pellets to integrated steel companies in the United States and Canada.
Oversold and shorted; regardless of what happens with Casablanca, steel will still be made in the Great Lakes region and since CLF controls the lowest cost mines and shipping in that market, they will be shipping. Pricing, however, will be set by world markets but China will recover more quickly & robustly than the doomsayers predict.
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