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  • U.S. Steel: Hampered By Headwinds  [View article]
    Perhaps it is time for USS to buy more iron ore in the form of flux pellets from Cliffs, as reduced Minntac volume increases their "all in costs" above $65 per ton?

    U.S. Steel Corp.'s cost advantage over competitors from owning its iron ore mines is shrinking as the market price of the commodity used to make steel sinks below their cost.

    US iron ore's decline puts pressure on USS because competitors benefit from lower raw material costs That pressure will mount as steel prices follow iron ore prices lower, especially helping competitors with lower production costs such as Nucor Corp., U.S. Steel's chief rival.
    Jan 30, 2016. 11:08 AM | 1 Like Like |Link to Comment
  • Vale Is Stuck Between Brazil And China  [View article]
    Vale borrowing $ 3 Billion? Their production cost just increased over $ 24 / mt?
    Jan 28, 2016. 06:24 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources: It's Bullish!  [View article]
    Most Importantly ........ Mr. Goncalves said:
    "Turning to our new business as a supplier of DR grade pellets to DRI producers, we have reached a significant milestone in our tests with very positive early result coming from the successful full scale operation of trial of our DR pellets in the customers' actual production process. At this point, we can comfortably state that DR grade pellets have been added to our portfolio of custom made pellets available to be produced and sold to our clients. While we are still in the early stages of our DR grade pellets business, it's nice to have the stamp of approval. Our foot in the door, if you will to make DR grade pellets an important portion of our product mix." !
    Jan 27, 2016. 07:40 PM | 2 Likes Like |Link to Comment
  • Cliffs Natural Resources' (CLF) CEO Lourenco Goncalves on Q4 2015 Results - Earnings Call Transcript  [View article]
    Most Importantly, Mr. Goncalves said:
    "Turning to our new business as a supplier of DR grade pellets to DRI producers, we have reached a significant milestone in our tests with very positive early result coming from the successful full scale operation of trial of our DR pellets in the customers' actual production process. At this point, we can comfortably state that DR grade pellets have been added to our portfolio of custom made pellets available to be produced and sold to our clients. While we are still in the early stages of our DR grade pellets business, it's nice to have the stamp of approval. Our foot in the door, if you will to make DR grade pellets an important portion of our product mix." !
    Jan 27, 2016. 07:37 PM | 2 Likes Like |Link to Comment
  • Cliffs Natural Resources: It's Bullish!  [View article]
    Cliffs Great Lakes Competitive Environment should dramatically change in 2016 !
    As integrated Great Lakes steel operations have been hurt by their own mining costs, they may buy more iron ore pellets, and perhaps "direct reduction iron" will be available for EAF.
    Cliff's Hibbing Taconite is the only mine/pellet operation in Minnesota not to announce a shutdown during the recent industry turmoil caused by crashing iron ore prices and a flood of cheap steel imports, and its Tilden & Empire in Michigan the only other mine/pellet source.
    Companies that have idled ore plants and laid off workers on the Iron Range include Mesabi Nugget in Hoyt Lakes, Mining Resources in Chisholm, Magnetation in Bovey and Keewatin and United Steel's Keetac and Minntac facilities in Keewatin and Mountain Iron. Essar Steel, a taconite plant under construction in Nashwauk, also recently curtailed progress on that facility and laid off workers and contractors, "will not be completed for years", if ever.
    Jan 27, 2016. 04:01 PM | 2 Likes Like |Link to Comment
  • Cliffs Natural Resources: Is A Recovery Possible?  [View article]
    Cliffs is recognized "Lowest cost IO pellet producer" with ore mines, own rail line to its Northshore Silver Bay pellet plant, customer customized taconite production, direct to ore carrier ship loading facilities at its own docks, with the lowest cost CIF delivery on the Great Lakes to long term contracted steel mills..... or by own rail from Tilden and Empire Michigan Mines and pellet plant - to Marquette for Lake Carriage delivery - or rail direct to USS and MT partners and long term contract customers.

    The dominant iron ore high quality taconite pellet contract supplier with over 50 percent U. S. Great lakes market share and production, also manages jointly owned ore mines and ore concentrating pellet companies with US Steel, ArcellorMital, AK Steel, and Nucor who are also customers.
    Jan 26, 2016. 04:13 PM | 3 Likes Like |Link to Comment
  • Cliffs Natural Resources: What Options Are Left To Turn The Ship?  [View article]
    Cliffs is recognized "Lowest cost IO pellet producer" with ore mines, own rail line to its Northshore Silver Bay pellet plant, customer customized taconite production, direct to ore carrier ship loading facilities at its own docks, with the lowest cost CIF delivery on the Great Lakes to long term contracted steel mills..... or by own rail from Tilden and Empire Michigan Mines and pellet plant - to Marquette for Lake Carriage delivery - or rail direct to USS and MT partners and long term contract customers.

    The dominant iron ore high quality taconite pellet producer with over 50 percent U. S. Great lakes market share and production, also manages jointly owned ore mines and ore concentrating pellet companies with US Steel, ArcellorMital, AK Steel, and Nucor who are also customers.
    Jan 26, 2016. 03:56 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources: What Options Are Left To Turn The Ship?  [View article]
    Very Good Article !
    Underlines that Cliffs is a U. S. Business and its focus !
    Jan 26, 2016. 10:39 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Is A Recovery Possible?  [View article]
    Why talk about "China IO Market" ..... in a Cliffs article ?
    Cliffs does not Compete with "seaborn iron ore prices" once its Australian IO mine with a 3 year remaining life is closed !

    CLF is Now a 95% U. S. IO concentrated pellet producer, with Long-Term Supply Contracts @ $ 70 to $ 85 per ton in 2015 -- as reported in 3rd Qtr SEC filing. (Not $49/ton)
    Cliffs has sold off its Canadian mines and Coal Operations, So .....It is now Only A U. S. Iron Ore miner. It is also the managing partner in two mine/pellet plants with its customers U.S. steel and ArcerlorMital.
    Jan 26, 2016. 10:36 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Is A Recovery Possible?  [View article]
    Why talk about "China IO Market" ..... in a Cliffs article ?
    Cliffs does not Compete with "seaborn iron ore prices" once its Australian IO mine with a 3 year remaining life is closed !

    CLF is Now a 95% U. S. IO concentrated pellet producer, with Long-Term Supply Contracts @ $ 70 to $ 85 per ton in 2015 -- as reported in 3rd Qtr SEC filing. (Not $49/ton)
    Cliffs has sold off its Canadian mines and Coal Operations, So .....It is now Only A U. S. Iron Ore miner. It is also the managing partner in two mine/pellet plants with its customers U.S. steel and ArcerlorMital,
    Jan 26, 2016. 10:30 AM | 2 Likes Like |Link to Comment
  • Morgan Stanley sees positive momentum in steel, negative on coal  [View news story]
    Cliffs Natural Resources...... is an iron ore mining and iron ore pellet (taconite) Producer. Cliffs clients.... are steel manufacturers.
    Jan 22, 2016. 01:18 PM | 3 Likes Like |Link to Comment
  • Morgan Stanley sees positive momentum in steel, negative on coal  [View news story]
    Wrong!

    Cliffs is recognized "Lowest cost IO pellet producer" with ore mines, own rail line to its Northshore Silver Bay pellet plant, customer customized taconite production, direct to ore carrier ship loading facilities at its own docks, with the lowest cost CIF delivery on the Great Lakes to long term contracted steel mills..... or by rail.

    The dominant iron ore high quality taconite pellet producer with over 50 percent U. S. Great lakes market share and production, also manages jointly owned ore mines and ore concentrating pellet companies with US Steel, ArcellorMital, AK Steel, and Nucor who are also customers.
    Jan 22, 2016. 12:51 PM | 6 Likes Like |Link to Comment
  • Cliffs: 2016 Is Pivotal  [View article]
    Extinct. Governor Dayton Demand Installments Re-Payment Agreement by Essar Minnesota..... Is Due Today! Must repay quarterly $ 66 million over 5 years. Essar still owes Nashwauk contractors $ 18 million backpay.

    Minnesota Natural Gas obtained Court Order demanding Payment of $ 35 million already spent for infrastructure to supply gas to future plant.

    An Essar pellet plant will Take YEARS .... will first go thu bankruptcy, reorganization, then a possible future Sale "to new investors" when iron ore prices recover. A money Pit so far for bond holders.... This is the India way.
    Dec 31, 2015. 10:27 AM | 1 Like Like |Link to Comment
  • U.S. Steel, AK Steel, Cliffs Natural slapped with Sell ratings at Deutsche Bank  [View news story]
    Only Three mines / pellet mills, one USS and two MT, have been Operating in Minnesota: Minntac by X, Hibbing Taconite (run by Clf and part owned), and Minorca MT ...... All under USW .
    If No USW agreement for USS or ArcelorMittal three operations in MN means ... non-union Cliffs Northshore Babbitt and Silver Bay pellet plant ... may be the only possible source of Minnesota iron Ore pellets if USW Stike ? Cliffs Owns and operates Only Two Michgan IO mines/pellet plant.... Tilden & Empire.

    No new Essar Minn IO.... still Owes Contractors $ 18 million in back wages, there is a $ 32 million judgement by Minn Natural Gas against Essar for infrastructure construction to service future plant, Essar Still Has to PAY Minnesota government $ 66 million development Loan demanded or be shut down in bankruptcy.
    The $ 850 million financing Essar received in 2014 is spent.... and no new financing can be expected in depressed IO market with its unprofitable IO .
    Today's Duluth News Tribune.
    Dec 22, 2015. 12:48 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Why The Stock Dropped And Should You Buy The Dip?  [View article]
    Only Three mines / pellet mills, one USS and two MT, have been Operating in Minnesota: Minntac by X, Hibbing Taconite (run by Clf and part owned), and Minorca MT ...... All under USW .

    If No USW agreement for USS or ArcelorMittal three operations in MN means ... non-union Cliffs Northshore Babbitt and Silver Bay pellet plant ... may be the only possible source of Minnesota iron Ore pellets if USW Stike ? Cliffs Owns and operates the Only Two Michigan IO mines/pellet plant.... Tilden & Empire.

    No new Essar Minn IO Expected.... still Owes Contractors $ 18 million in back wages, there is a $ 32 million judgement by Minn Natural Gas against Essar for infrastructure construction to service future plant, Essar Still Has to PAY Minnesota government $ 66 million development Loan demanded or be shut down. The $ 850 million financing Essar received is spent.... and no new financing expected in depressed IO market. - Today's Duluth News Tribune.
    Dec 22, 2015. 12:45 PM | Likes Like |Link to Comment
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