26
Jan
00:00
Strong Q4 performance helps Cliffs reduce net debt
US iron ore miner Cliffs Natural Resources tells Kallanish that it has reduced its net debt balance during the fourth quarter of 2014 and at the beginning of 2015. The company also plans to eliminate its quarterly dividend to shareholders from and including Q1 15 onwards.
The company reduced its debt balance by more than $400 million over the four-month period since the beginning of October 2014. The sources of funds to execute the accelerated debt reduction…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous