Cliffs Natural Resources Reports End of Year Results
Cliffs Natural Resources Inc. (NYSE:CLF,EPA:CLF) reported its year-end results for 2011 and its outlook for 2012.
As quoted in the press release:
Cliffs expects to report full-year 2011 revenue per ton in its U.S. Iron Ore business segment at the low end of its previous 2011 revenue per ton outlook of $135 – $140, with a rate of approximately $120 per ton in the fourth quarter. The fourth quarter rate was driven by sales mix and retroactive pricing adjustments recorded for specific contracts during the quarter. The Company expects to report full-year sales volume and cash cost per ton in line with its previous outlook of 24 million tons and $63 per ton, respectively.
Click here to read the Cliffs Natural Resources Inc. (NYSE:CLF) press release.
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Thu, Jan 26, 2012
Post by Melissa West, Iron Researcher