27
Jan
18:03
Cliffs plans on $450/short ton HRC in 2016
Mining company Cliffs Natural Resources is betting on a full-year hot-rolled coil price of $450/short ton, Kallanish learns from the US company’s earnings outlook.
The assumption of $450/st is a customer-realised price, rather than an index or spot price, Cliffs notes. Every $50/st positive change in the hot-rolled price ups Cliffs’ revenue per ton of iron ore by $2.25, and every negative $50/st change lowers its revenue per ton by $1.75. Kallanish c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous