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Cleveland-Cliffs suspends dividend, leaves plant idle

CLEVELAND-Cliffs has suspended its quarterly dividend and will leave its 82% owned hot briquetted iron plant in Trinidad and Tobago idle to conserve cash as it battles uncertainty in the North American steel industry.

Greg Tubby
Cleveland-Cliffs suspends dividend, leaves plant idle

The company said it expects business fundamentals to continue to be difficult, given the severe economic environment confronting its steel company customers and partners. The largest supplier of iron...

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