Severstal seeks court relief in Cliffs pellet price dispute

Aug 02, 2013 | 02:18 PM | Catherine Ngai

Tags  Severstal, Cliffs Natural Resources, iron pellets, price dispute, pellet prices, Catherine Ngai

NEW YORK — Severstal North America Inc. has filed a request for interim relief from a federal court in a complaint against Cliffs Natural Resources Inc. over prices in its pellet contract.

The Dearborn, Mich.-based steelmaker claims that Cliffs used a calculation for its 2013 pellet price that was inconsistent with its contract documents, and threatened to cease future shipments to Severstal’s Dearborn facility unless it paid its invoice, according to documents filed Aug. 1 in U.S. District Court in Michigan.....

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