Cliffs’ revenue tumbles on seaborne iron ore tags

Jul 26, 2013 | 03:14 PM |

Tags  Cliff Natural Resources, iron ore, seaborne, coal

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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