Cleveland-Cliffs plans further incursions into raw materials market

摘要

Cleveland-Cliffs plans further ventures into steelmaking raw materials, but it is finding the process almost as difficult as predicting where coal prices will settle. The Cleveland-based company hopes the current strong market for metallurgical coal will benefit it going forward, with prices exceeding the company's current average selling price of 91 dollars per ton, a Cliffs executive told analysts during the company's quarterly conference call.