Cliffs Natural Resources' U.S. Operations Get Overshadowed by a Weak International Market
The iron-ore market has been a fickle mistress as of late, and it has caused shares of Cliffs Natural Resources (NYSE: CLF) to bounce all over the place during the past year. This past quarter, the company saw some relief on one side of the business, only to see another part get crushed by low commodity prices. The one thing that has been steady throughout, though, is management's strategic plan to get the most value from the U.S. iron-ore market.
Here's a look at the company's most recent earnings results; we'll examine why two seemingly interconnected businesses are headed in opposite directions, and see what the company has in store in the coming years.
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Source: Fool.com