Currently viewing Global edition

Cleveland-Cliffs profit plummets on soft iron ore demand, pricing

Despite its September-quarter profit plunging 79% year-on-year, US iron ore producer Cleveland-Cliffs' CEO Lourenco Goncalves has told analysts the company’s strong cash flow would underpin an increased capital return to investors.

Cleveland-Cliffs profit plummets on soft iron ore demand, pricing Cleveland-Cliffs profit plummets on soft iron ore demand, pricing Cleveland-Cliffs profit plummets on soft iron ore demand, pricing Cleveland-Cliffs profit plummets on soft iron ore demand, pricing Cleveland-Cliffs profit plummets on soft iron ore demand, pricing

Cleveland-Cliffs posted a third-quarter loss as iron ore pellet premiums dipped in the period