Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt operations and cut 450 jobs at its Northshore iron ore mine in Minnesota by Dec. 1, aiming to lower costs at a time when miners battle weak prices and demand. Cliffs has already temporarily idled operations at its United Taconite mine in Minnesota in August and said on...
Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt all operations at its Northshore iron ore mine in Minnesota by Dec. 1, aiming to reduce costs at a time when miners are hit by weak prices and low demand. The company, which has previously idled the United Taconite mine, said it will continue to operate the Hibbing Taconite...
Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt all operations at two iron ore projects in Minnesota by Dec. 1, aiming to reduce costs at a time when miners are hit by weak prices and low demand. The company, which has previously idled the United Taconite mine, said it will continue to operate the Hibbing Taconite mine in...
Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt iron ore pellet production at its Northshore plant in Minnesota by Dec. 1. The company said that existing demand will be met from its current iron ore inventory. "The historic high tonnage of foreign steel dumped into the U.S. continues to negatively impact the steel...
LAUNCESTON, Australia, Nov 9-- It's becoming harder to work out who are the most rational players in the global iron ore and steel markets, where contradictions are multiplying amid the persistent supply glut. "If you think for one second you can just take some volume out and no one else will actually move to fill that volume, then you are fooling yourself," Rio's iron...
U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...
July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.
The "Fast Money" traders give their final trades of the day.
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U.S. stocks closed lower as investors looked ahead to a light week of economic reports amid some consolidation in currency and oil prices.
U.S. stock index futures indicated a lower open on Monday, amid some dollar and oil price weakness, ahead of a busy week of data releases.
Take a look at some of Monday's early movers:
Billionaire mining heiress Gina Rinehart is digging what will likely be the world's last big iron ore mine for years to come in the Australian outback.
Under the radar of this bull market, a large group of once high-flying stocks are falling, to the benefit of some astute Wall Street players.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday: Anadarko, Cliffs Natural, Rent-A-Center & more.
U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.
Some of Monday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The entry point you’ve been waiting for has arrived in one stock on "Mad Money" host Jim Cramer’s radar.