29
Jul
01:00
Cliffs lowers sales expectations on weak US steel market
US-based Cliffs Natural Resources expects trade cases recently filed by US flat rolled steelmakers will help to improve operating conditions and profitability in the second half of the year.
The iron ore miner posted net income of $60.2 million and sales of $498.1 million in the second quarter of the year, Kallanish observes in Cliffs’ quarterly earnings report. While sales were down considerably from $747.7m in Q2 2014, income was up from $10.9m in th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous