Cleveland-Cliffs All Set to Exploit Emerging Market Steel Demand - Money Morning

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Cleveland-Cliffs All Set to Exploit Emerging Market Steel Demand
Jul 17, 2008 03:02 PM UTC

Money Morning

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Symbol	Sentiment	Start	Return	Closed
ANR	n/a
CLF		07/17/08	-62.29%	--

Via Long Investment Ideas from Seeking Alpha:

By Jason Simpkins

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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