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Cliffs Natural Resources Inc. Message Board

  • southbuckeye southbuckeye Jan 16, 2013 10:48 AM Flag

    New Iron Ore Price Forecast Released Today

    Goldman Sachs is forecasting iron ore prices to average 144 in 2013, 126 in 2014, 90 in 2015, and 80 in 2016. While 2013 looks good, can CLF prosper if in three years the price drops to 80? While CLF has been closing mines, larger competitors are expanding production. When their operations begin producing iron ore, this oversupply causes prices to drop. Since CLF has higher costs than the larger producers, this can't bode well for CLF's two or three years out.

 
CLF
6.31+0.25(+4.13%)Dec 26 4:04 PMEST

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