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Cliffs reports 3rd quarter results
Posted: 10.24.2012 at 10:42 PM
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MARQUETTE COUNTY -- Cliffs Natural Resources has released its third quarter results. The company reported revenue of $1.5 billion. That's a decrease of 26-percent compared to last year's third quarter when Cliffs earned $2.1 billion.
Cliffs says the drop was primarily driven by a 36-percent decrease in year-over-year pricing for seaborne iron ore.