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Cliffs Natural Resources (CLF +6.8%) surges as iron ore prices jump. Iron ore for immediate...

Cliffs Natural Resources (CLF +6.8%) surges as iron ore prices jump. Iron ore for immediate delivery in China rose 6% to $110.40/ton, the biggest gain in a month, according to data from The Steel Index Ltd. Chinese steel mills are down to about two weeks of iron ore on hand at the mills, Seth Walters writes in presenting a case for rising iron ore prices through year's end.
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Comments (4)
  • nasdaq99
    , contributor
    Comments (114) | Send Message
     
    OK, SA, you're losing my respect now. Look at his bio.
    8 Oct 2012, 11:45 AM Reply Like
  • Chris Lau
    , contributor
    Comments (2926) | Send Message
     
    (CLF) was a nicer long at 32-34. What bio do you reference? copper prices are up.
    8 Oct 2012, 12:32 PM Reply Like
  • mikeycblue
    , contributor
    Comments (34) | Send Message
     
    @Nasdaq99 Read the article instead of his bio. It is one of the more balanced and researched pieces I've seen on this site.
    9 Oct 2012, 01:51 PM Reply Like
  • nasdaq99
    , contributor
    Comments (114) | Send Message
     
    mikey,
    things are so good out there that 40% of chinese iron mines have closed:

     

    http://on.ft.com/QcYKEo

     

    and Fortesque needed a $4.5b rescue to keep from collapsing due to iron ore prices. maybe you can square that circle for me.

     

    http://bit.ly/RPbRwV
    10 Oct 2012, 09:45 AM Reply Like
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