Now that the selling in Cliffs Natural Resources (CLF) as predicted, it is time to pick the stock's bottom. Driven lower on news that China's stock pile for iron ore topped 100M tons, markets now expect low steel prices persisting. On a brighter note, iron ore pellet pricing increased 2.7%. This is vastly lower than the $70/ton in April (now at around $55). Iron ore prices will improve. The metal is at an inflection point. China’s low economic activity in Q1 is reversing. As building picks up (thanks to policy changes), Cliffs Natural, Vale, BHP, and Rio will all benefit. Vale’s CEO voiced a negative outlook, so investors should still enter the sector with caution. $CLF, Cleveland-Cliffs Inc. / 60