"In addition, we are maintaining our expected 2012 full year average spot price with seaborne iron ore of approximately $150 per ton delivered into China, and have narrowed our revenue per ton expectation range for all of our segments."
The above is from Cliffs call this mornings.This is %35.00 a tonne lower than this same quarter last year,Cliffs can't make money at their current production costs!
What are they suppose to say? Act like you and predict/lie about something they have no idea about?
I can't wait till Europe/Spain/China come out with some loosening/ reforms/etc. You're going to be one sorry person who no one on this board will ever hear from again.... LMAO.
Cliffs has a lot if issues they need to address that were not brought up in their conference call today.
Number one is their managements performance is plain awful and should be terminated.