Cliffs’ revenue tumbles on seaborne iron ore tags
Jul 26, 2013 | 03:14 PM
SHANGHAI Cliffs Natural Resources Inc.s revenues fell 6 percent year on year to $1.5 billion in the second quarter of 2013 due to a drop in seaborne iron ore prices.
Global seaborne iron ore prices fell 11 percent to an average of $126 per tonne for 62 percent iron fines c.f.r. China during the period, the company said. ....
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