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Why Cliffs’ US Volumes Should See an Impressive Jump in Q2 2018

Annie Gilroy
Why Cliffs’ US Volumes Should See an Impressive Jump in Q2 2018

Cleveland-Cliffs (CLF) achieved US volumes of ~1.6 million tons in the first quarter. Its volumes in the quarter reflected a YoY (year-over-year) fall of 48%. Its customers’ low pellet inventories and favorable shipping conditions helped it to deliver increased volumes at the end of March.