Cliffs Shutting Down Plant in Quebec
MARQUETTE, MI – (Great Lakes Radio News) – Cliffs Natural Resources has announced that it is expecting to idle its Wabush Pointe Noire pellet plant in Quebec by the end of the second quarter of this year.
The shut down is due to high production costs and lower pellet premium pricing which is expected to continue in certain markets during the year.
Cliffs’ chair, president and chief executive officer, Joseph A. Carrabba, says the company is taking measures to adjust their iron ore pellet production at our Wabush operation while continuing to meet customer commitments. Carrabba says unfortunately this decision will impact approximately 165 employees.
For 2013, Cliffs is maintaining its full-year sales and production volume expectations of 9 – 10 million tons out of its Eastern Canada business segment.
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