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Stock impact report

China's Changing Steel Appetite Could Be a Boon for This Mining Stock [The Motley Fool]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
China is looking to curb pollution by buying higher quality raw materials, and that plays well into the hands of Cleveland-Cliffs China has been the driving force of the steel industry for decades. It simultaneously produces and consumes about half of the world's steel according to the most recent figures from the World Steel Association. So whenever any change occurs in the way China manufactures steel, it is going to have a big impact on the market.  One profound change that is happening right now in the Chinese steel market is in the type of raw materials it uses to make steel. That change in raw material selection could mean drastic changes to mining stocks. According to Cleveland-Cliffs ( NYSE:CLF ) , it could benefit the company profoundly in the coming years. Here's what management is saying about the changes and what kind of impact they can have on the American iron ore miner.  Image source: Getty Images. Not all iron ore is created equal To most of us Show less Read more
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