The fully-owned Northshore Mining operations accounted for nearly a quarter of Cliffs' share of its 25.5 million tons U.S. iron ore production capacity at the end of 2014. This decision follows the company's decision to idle its United Taconite facility earlier in the year, which represented roughly one-fifth of Cliffs' U.S. iron ore production capacity at the end of 2014. The company expects to meet the muted demand for iron ore pellets from the domestic steel industry from its pellet inventory...
Cliffs' Northshore Mine The Latest Casualty Of Weakness In Domestic Steel Demand
Forbes - 18 Nov 2015 22:58
The fully-owned Northshore Mining operations accounted for nearly a quarter of Cliffs' share of its 25.5 million tons U.S. iron ore production capacity at the end of 2014. This decision follows the company's decision to idle its United Taconite facility earlier in the year, which represented roughly one-fifth of Cliffs' U.S. iron ore production capacity at the end of 2014. The company expects to meet the muted demand for iron ore pellets from the domestic steel industry from its pellet inventory...
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