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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:01 EDTCLFCliffs 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.
News For CLF From The Last 14 Days
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June 30, 2015
14:34 EDTCLFIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.

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