Having this chip shortage across the world, Is just unbelievably incredible timing for CLF. Its unheard of. This chip shortage and supply shortage of other parts for Auto is playing right into CLF's hands. Minimal shipment of Auto steel only to be eaten up at $1830/ton spot is bizarre. Who would have thunk that you could sell steel 'Higher' at spot over a locked in Auto contract price? It makes no sense, but it makes lots of Dollarz! Then having Auto start to build up production in H2, at the trough no less, only to roll right into peak steel pricing at an $1800/ton Wall! Looks a little different than $699/ton last year huh? $Cliffs Natural Resources(CLF)$
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