April 13, 2011 at 12:38 PM EDT
(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal
North America’s largest iron-ore producer,Cliffs Natural Resources Inc. (CLF), reached an agreement with steel giant ArcelorMittal (MT) to settle disputes over price reopener entitlements for 2009 and 2010 and pellet. Cliffs will get a payment of around $250 million to $270 million after reaching an agreement with ArcelorMittal. In addition, as part of the settlement, [...] (CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal
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