Comment by
Kylemcc10 on Sep 15, 2021 7:13pm
Huge dividend wow. Last big one for a long time. Iron is collapsing
Comment by
ckwong on Sep 15, 2021 8:42pm
The Chinese iron ore price is collapsing. It is because China wants to reduce carbon. Steel prodution is cut. We may not have this huge dividend next time because of that. But I dont think inext dividend will be a quarter. I could not find the iron ore price for US and Europe but the US hot-rolled steel HRC is at multi-years high.
Comment by
Kylemcc10 on Sep 16, 2021 12:51pm
US steel doing well. But how much of revenue is in the American space versus China
Comment by
ckwong on Sep 16, 2021 8:26pm
This is the puzzle I am trying to solve. There is not much from the financial report. Anyway, world iron ore is controlled by a couple of companies, Rio et el. It comes down whether Rio sells IOC's iron ore to US and EUrope. Bear with me. I'll share if I find something. To me, it will be silly not sell IOC ore to US and Europe because of the most recent plant upgrade.