How Will The Restart Of The Northshore Mining Operations Impact Cliffs’ Iron Ore Pellets Production Capacity?

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Cliffs Natural Resources recently announced plans to restart its idled Northshore Mining iron ore pellet production operations. With a rated capacity of 6 million tons per year, the restart of operations at Northshore will boost Cliffs active iron ore pellets production capacity by around 28%. Though Cliffs has not revised its production guidance for the year, restarting the Northshore operations will put it in a position to quickly expand output. This would be useful if preliminary anti-dumping duties on steel imports from a number of countries, including China, are confirmed in the final ruling by the Department of Commerce expected later this year, and this results in a rise in demand for domestically produced steel and consequently, iron ore.

CLF Restart of Northshore Mine

 

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Cliffs Natural Resources

 

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