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Cleveland-Cliffs positive on rising 2019 pellet premiums

US iron ore producer Cleveland-Cliffs (NYSE:CLF) expects the premium it fetches for its pellet products to start the New Year at the US$70 per tonne level, after remaining stable at about $55/t for the past 10 months.

Cleveland-Cliffs positive on rising 2019 pellet premiums Cleveland-Cliffs positive on rising 2019 pellet premiums Cleveland-Cliffs positive on rising 2019 pellet premiums Cleveland-Cliffs positive on rising 2019 pellet premiums Cleveland-Cliffs positive on rising 2019 pellet premiums

Speaking during the Goldman Sachs Global Metals & Mining Conference Wednesday, CEO Laurenco Goncalves said premiums for the product preferred by the growing electric arc furnace steel-making