Cliffs Natural sees healthy increases in U.S. motor vehicle production Also expects health increases in construction activities in U.S. to support demand for steelmaking raw materials. Expects credit reforms in China to support stable growth in long term. The increased pressure on emissions in China and an uptick in European steel production is expected to heighten demand for premium and value-in-use iron ore products. Comments taken from slides for Q4 earnings conference call.
Cliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".