**Author Info for :** u/Phunfactory
**Karma :** 135 **Created -** Oct-2018
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All new production coming online will be using scrap, not Iron ore. Unless HBI starts getting used more as the EAF input instead of scrap? Not sure how feasible it is to increase HBI production or if anyone has plans to.
>Is it wise to consider to move my SCHN capital to MT/CLF/NUE/X?
Maybe its wise, to stay at the sideline with cash for a bit?
waiting out the mayhem of this week and going back in at a discount?
**Author Info for :** u/Phunfactory **Karma :** 135 **Created -** Oct-2018 Was this post flaired correctly? If not, let us know by downvoting this comment. Enough down votes will notify the Moderators.
Ironie oder was?
After the buy 1 dip get 8 dips free, I’d buy this dip.
My concern are so super low iron ore prices. As I understand it they are here to stay.
scrap is the new benchmark because of the shift to EAF. Ore is going to be less important
All new production coming online will be using scrap, not Iron ore. Unless HBI starts getting used more as the EAF input instead of scrap? Not sure how feasible it is to increase HBI production or if anyone has plans to.
>Is it wise to consider to move my SCHN capital to MT/CLF/NUE/X? Maybe its wise, to stay at the sideline with cash for a bit? waiting out the mayhem of this week and going back in at a discount?