Still Time to Short Cliffs Natural Resources?
August 28, 2014 at 15:32 PM EDT
The price of iron ore looks set to fall and that’s bad news for iron miners like Cliffs Natural Resources (CLF), BHP Billiton (BHP) and Rio Tinto (RIO) today. Reuters Bloomberg reports that iron ore fell to its lowest price in five years today, while also reporting that Austria’s largest steelmaker, Voestalpine, says there is [...]