Cliffs idling some US iron ore production
Nov 19, 2012 | 04:30 PM
| Stacy Irish
Tags
Cliffs Natural Resources,
iron ore,
Northshore Mining,
Empire Mine,
Bloom Lake Mine,
Laurie Brlas,
Stacy Irish
NEW YORK — Cliffs Natural Resources Inc. will idle parts of its iron ore operations at Northshore Mining in Minnesota and at Empire Mine in Michigan, it said Monday.
The iron ore and metallurgical coal producer cited greater iron ore pricing volatility and lower North American steelmaking utilization rates.
Cleveland-based Cliffs is also delaying sections of its second-phase expansion at its Bloom Lake Mine in Quebec, and is adjusting 2013 operating plans for its North American iron ore business to align with expected sales volumes.....
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