Iron ore price rises on pre-holiday restocking, China stimulus hopes
"Winter restocking of iron ore among steel mills is still underway, so we believe ore prices will find some support in the near term," analyst says.
Higher prices and greater volumes shipped all helped Cleveland-Cliffs report consolidated revenues of $714 million, compared to the prior year's second-quarter revenues of $471 million. Earnings per share from continuing operations up 171 percent to $0.76 per share. The American-based...
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