28
Jul
16:50
Cliffs touts domestic iron ore business
Cliffs Natural Resources believes its domestic iron ore business puts the company in a unique position to succeed, Kallanish learns from the company’s second quarter conference call with analysts.
“Our US iron ore business is a beast,” says ceo Lourenco Goncalves, pointing to its Q2 revenue rate of $97/long ton – a margin of 39% on earnings before interest, taxes, depreciation and amortisation (Ebitda).
Goncalves adds that comparable c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous