Will Iron Ore Prices Lead to a Strong Fourth Quarter?
After ArcelorMittal released a slightly weaker fourth quarter in 2012 than the third, those with interests in Cliffs Natural Resources are likely a bit apprehensive. This caution is especially warranted after the $1.37 billion writedown the company announced last month. The recent surge in iron ore prices is unlikely to significantly help this last quarter, so be prepared for a possible expectations miss on Feb. 13. What has been driving these iron ore prices and Cliffs' stock higher recently? Check out Fool energy and materials analyst Taylor Muckerman's video below.
If you are bullish on steel, look no further than Cliffs Natural Resources
Cliffs Natural Resources has grown from a domestic iron ore producer into an international player in both the iron ore and metallurgical coal markets. It has performed well, relative to many competitors, in a very cyclical industry because of several factors that are likely to remain advantageous for Cliffs' management. For details on these advantages and more, click here now to check out The Motley Fool's brand-new premium report on the company.
The article Will Iron Ore Prices Lead to a Strong Fourth Quarter? originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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