27
Jul
16:58
Cliffs looks to EAFs for further growth
US iron ore supplier Cliffs Natural Resources plans to increase sales to domestic electric arc furnace producers to further bolster its bottom line, Kallanish learns in the company’s second quarter earnings review.
Cliffs posted net income of $77 million in Q2 on revenues of $569m, up from Q2 2016’s profit of $30m on revenues of $496m.
"Our second quarter results clearly demonstrate the true power of our US iron ore business, in which we have…
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Anonymous
Very good overview of the weekly steel market.
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