Cliffs Announces Huge Fourth Quarter

Revenues Up 58 Percent from Last Year

DULUTH, Minn.-Final financial reports released today for Cliffs Natural Resources revealed a huge fourth quarter for them.

Revenues were up to $754 million this quarter for the ore pellet manufacturer, which is an increase of 58 percent compared to last year.

Overall revenues were up five percent for the company in 2016 topping out at $2.1 billion.

The C-E-O of Cliffs said the jump is due to the company getting into many new sales agreements.