Cliffs Natural reaffirms FY13 expectations for Eastern Canada business segment For FY13, Cliffs is maintaining its full-year sales and production volume expectations of 9M-10M tons out of its Eastern Canada business segment. This is comprised of approximately 3M tons of both iron ore pellets and concentrate products from its Wabush operation with Bloom Lake Mine making up the remainder of the expected sales volume. FY13 cash cost per ton in Eastern Canadian Iron Ore is expected to be $95-$100, down from the company's previous expectation of $100-$105. For FY13, cash cost per ton at Wabush is expected to be $115-$120. The company is maintaining its FY13 Eastern Canadian Iron Ore revenue-per-ton expectation of $120-$125. This revenue-per-ton expectation is based on the 62% Fe iron ore fines price assumption of $150 per ton used in the company's Feb. 12 press release.
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Stocks with call strike movement; UAL CLF United Continental (UAL) September 55 call option implied volatility decreased 6% to 39, Cliffs Natural (CLF) September 18 call option implied volatility increased 3% to 41 according to IVolatility.