Cliffs Cleans Up With ArcelorMittal Pellet Settlement

Forbes reports that Cliffs Natural Resources (NYSE:CLF) and ArcelorMittal (NYSE:MT) settled their year-long dispute regarding the pricing of iron ore pellets supplied in 2009 and 2010.

The editorial is quoted as saying,

The revenue from the settlement would effectively increase the revenue earned by Cliffs’ North American iron ore division by almost $8 per ton of iron ore pellets sold.

For the complete editorial, click here.