Cliffs sales to benefit from seaborne iron ore pellet rise: FBR

摘要

US iron ore miner Cleveland-Cliffsis benefiting from stronger seaborne iron orepellet premiums as the company incorporateda link to Atlantic Basin premiums in USdomestic contracts, investment bank FBR said.Cliffs management has been "vocalabout its bullish outlook for pellet premiums"due to tight global supplies and structuraldemand changes in China on initiatives to cutpollution, FBR analysts led by Lucas Pipessaid in a note.