Cleveland Cliffs Inc (CLF)

[Lishur]

MBIOI the spot price for benchmark Fe 62% #ironore fines, jumped 5.50% to $93.93 a tonne CFR #Qingdao on 09th Dec, seaborne price rose above the $90-per-tonne mark for the first time since November 25, while Chinese futures saw

Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact's ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday.

Mexican lawmakers earlier this year approved the deal, known as USMCA, which would replace the North American Free Trade Agreement. But Democratic lawmakers have held up U.S. ratification over concerns about how labor and environmental provisions would be enforced.

U.S. Trade Representative Robert Lighthizer also made a last-minute demand to restrict the definition of what would constitute North American steel and aluminum under automotive rules of origin, calling for the metals to be "melted and poured" only in North America.https://mobile.reuters.com/article/amp/idUSKBN1YC0NA?fbclid=IwAR0euhKrenbLjzk9vIEl0O21NzItjq03RMPWOKvQQDDoWXXd1NIxZoX1PPM