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.
United Steelworkers union prepares for week of strike action The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link