Cleveland Cliffs Inc (CLF)

[Saving Grace]

Video footage of New DRI pellets at North Shore!

When Northshore comes back, Goncalves said they will be making the new Direct Reduced Iron grade pellets. He said their customers has successfully turned the pellets into Direct Reduced Iron.

"I'm very proud of the team at Northshore. They deserve all of the credit," he said. Goncalves praised the hard work of the plant managers of all of the U.S. operations, and recognized the cooperation of the United Steelworkers during these difficult times.

When asked about competition from other domestic producers, Goncalves said, "Short of a miracle from God, that one being built in Minnesota will not be able to start in next two years. Game over." He was referring to Essar Steel Minnesota.

http://www.wdio.com/article/stories/s4029743.shtml