Cliffs cuts production at two mines, turns off 3 furnaces
Oct 28, 2008 | 12:49 PM
| Mick Bowen
Cliffs Natural Resources Inc. announced Tuesday immediate production cuts at two iron ore mines in Minnesota and turned off three small pellet furnaces, including two at Northshore Mining Co. and one at United Taconite, due to low demand.
"While we regret having to take this action, production and demand must be balanced to meet customer needs and to ensure the continued health of the business," Donald J. Gallagher, president of Cliffs' North American business unit, said in a statement.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.