
Posted by Jim Chapman
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on 4/10/2009, 11:14 am, in reply to "What for?"
24.247.80.162
Good question.
It could be simply that they underestimated the demand for iron this season and the mine needed to mine more than they expected.
I would guess China might have something to do with it as well. The Chinesee economy is still gorwing and construction is still on going over there.
There may also be less of a drop-off in American demand than Cliffs first thought.
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