Cliffs Natural says keeping FY14 outlook intact Says welcomes open communication with shareholders, committed to acting in best interests of shareholders. Says will not comment on Casablanca Capital situation. Says company must strive for continuous improvement in lowering cost profile. Says maintaining FY14 sales volume and cash cost per ton guidance. Says continue to look for opportunities to reduce overhead. Says company experienced 70 days of minus 30 degree Fahrenheit weather this winter. Expect tightness in the pellet market to continue into Q2. The company is maintaining U.S. iron ore sales volume expectation of 22M-23M tons. Says maintains 14 North American Coal expected sales and production volumes of 7-8M tons. Says near term target is to reduce debt profile. Sees FY14 CapEx approximately $375M-$425M. Expected effective tax rate 24% for FY14. Sees SG&A expenses $200M excluding severance related costs. Comments made during the company's Q1 earnings conference call
News For CLF From The Last 14 Days
Check below for free stories on CLF the last two weeks.