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iron-investing

Cliffs Bullish on Iron Ore Prices

Investing News Network
Feb. 17, 2011 11:22AM PST
Base Metals Investing

Reuters reports that Cliffs Natural Resources (NYSE:CLF) is taking advantage of higher iron ore prices by boosting its US exports by up to five times.

Reuters reports that Cliffs Natural Resources (NYSE:CLF) is taking advantage of higher iron ore prices by boosting its US exports by up to five times.

The market news is quoted as saying:

Carrabba said Cliffs sold nearly 400,000 tons of pellets from its Minnesota and Michigan operations into the seaborne market last year.

To read the full market news, click here.

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