ArcelorMittal Is a Crucial Customer for Cliffs

Filed under: BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO), Commodities

Cliffs Natural Resources (CLF) is a leading mining and natural resources company in the U.S., and is also the largest producer of iron ore pellets in North America. It competes with other international mining and natural resources companies like Vale , BHP Billiton (BHP) and the Rio Tinto (RTP).



Cliffs' North American Iron Ore division accounts for more than two-thirds of the company's total revenue, and around 60% of Cliffs' stock value, by our estimates. Long-term contracts with customers like ArcelorMittal (MT), Algoma and Severstal ensure substantial sales of the firm's mineral produce.

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ArcelorMittal Is a Crucial Customer for Cliffs originally appeared on BloggingStocks on Tue, 29 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

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