It was a blow-out quarter, they did an incredible job. They blew away the consensus (forecast), and first-quarter guidance looks good.
It's the smallest of the majors, and they have an automotive-market niche, and some people think that's extremely attractive.
You don't know if this will be the shareholders' choice, or a political choice. For the steel industry, this is Microsoft buying Apple.
You've got to think of the value of the iron ore business.
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