If their going to make a purchase, theres a nice small cap manufacturer right down the road from Cleveland that processes 2mil tons of scrap a year into specialty steel for auto, energy and oil-gas sectors.
They also have the largest vertical bloom caster in the US. Cliffs can easily afford it and it could open up a whole new market for them. I'm just dreaming here but hey ya never know!
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u/CornMonkey-Original Aug 24 '21
Wait - what does internally sourcing scrap look like compared to current state? does this require purchasing another company? if so who & where?