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Cleveland-Cliffs All Set to Exploit Emerging Market Steel Demand |
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| Jul 17, 2008 03:02 PM UTC |
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Tracked Blogger
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Via Long Investment Ideas from Seeking Alpha:
By Jason Simpkins
Read the rest of original post »
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Cleveland-Cliffs Inc. (CLF), a top producer of iron ore pellets and supplier of metallurgical coal in North America, will buy Alpha Natural Resources Inc. (ANR) in an effort to bolster its coal reserves and exploit the soaring demand for steel among emerging markets worldwide.
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