Cliffs to idle Quebec pellet plant in 2d qtr.

Mar 12, 2013 | 03:57 PM | Stacy Irish

Tags  Cliffs Natural Resources, Joseph Carrabba, Wabush Pointe Noire pellet plant, Wabush Scully Mine, Bloom Lake Mine, iron ore, Stacy Irish

NEW YORK — Cliffs Natural Resources Inc. will idle its Wabush Pointe Noire pellet plant in Sept-Îles, Quebec, by the end of the second quarter due to high production costs and lower pellet premium pricing.

The plant has the capacity to produce 5.6 million tons of iron ore pellets annually. ....

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