ARCELORMITTAL'S IRON ORE PELLET CONTRACT WITH CLIFFS COMES UP FOR NEGOTIATION IN LATE 2016

ArcelorMittals’s (MT) iron ore pellet contract with Cliffs Natural Resources (CLF) comes up for negotiation in late 2016 and early 2017. 

More than 50% of Cliffs’ US (VTI) (QQQ) iron ore volumes are tied to these contracts, so a successful renegotiation is vital for the future of the company. 

The progress on contract negotiations is also one of the single-most important catalysts for Cliffs’ share price over the next few months.