CLEVELAND, April 20, 2017 /PRNewswire/ -- Cliffs Natural
Resources Inc. (NYSE: CLF) today issued the following statement
regarding President Trump's executive memorandum for prompt
investigation by the Department of Commerce into the implications
of foreign steel imports under section 232.
Lourenco Goncalves, Cliffs'
Chairman, President and Chief Executive Officer, said, "We applaud
the Trump Administration's efforts to eliminate the presence of
illegally traded steel in the American marketplace. Cliffs
continues to believe that illegal imports threaten the ability of
the domestic steel industry to fulfill its role as an important
part of the Defense system of the United
States. We also believe that Section 232 might provide the
Administration with more powerful instruments to address the, so
far, unpunished behavior of the ones that play both sides of their
mouths, and continue to insist on being the recipients, within the
American territory, of illegally traded steel into our
country."
About Cliffs Natural Resources Inc.
Cliffs Natural
Resources Inc. is a leading mining and natural resources company.
Founded in 1847, Cliffs Natural Resources Inc. is recognized as the
largest and oldest independent iron ore mining company in
the United States. The Company is
a major supplier of iron ore pellets to the North American steel
industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore
mining complex in Western
Australia. Driven by the core values of safety, social,
environmental and capital stewardship, Cliffs' employees endeavor
to provide all stakeholders operating and financial
transparency.
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SOURCE Cliffs Natural Resources Inc.