Cliffs Natural Resources Sounds the NYSE's Closing Bell
05/01/2017 - In recognition of their company's 170th anniversary, Cliffs Natural Resources chairman and chief executive Lourenco Goncalves and the executive management team rang the NYSE's closing bell on Monday.
"Cliffs has a long history of navigating through the difficult times of a highly cyclical business. Despite steel industry consolidation and ownership changes, let alone wars and financial crises, the resilience of Cliffs and its people has led to times of profitable growth and great prosperity," Goncalves said in a statement.
"Being in business for 170 years is a genuine testament to the resolve and vision of our predecessors who helped build Cliffs into the strong and resilient company it is today," he said.
Headquartered in Cleveland, Ohio, since 1847, Cliffs was first listed on the NYSE in 1960. The stock exchange has video of the bell ringing here.
Separately on Monday, the Bloomberg news service reported that Goncalves said he believes the Trump administration should expand its recently announced Section 232 trade investigation to include those who are importing steel products.
"What about the recipients of this steel, the guys that play both sides?” Goncalves said, according to Bloomberg. “At the same time they have a public speech supporting the trade cases and saying all the right things, under the radar and behind everybody’s back they are buying a lot of deducted steel and asking the middle man to bring more.”
Bloomberg has more on the story here.
"Being in business for 170 years is a genuine testament to the resolve and vision of our predecessors who helped build Cliffs into the strong and resilient company it is today," he said.
Headquartered in Cleveland, Ohio, since 1847, Cliffs was first listed on the NYSE in 1960. The stock exchange has video of the bell ringing here.
Separately on Monday, the Bloomberg news service reported that Goncalves said he believes the Trump administration should expand its recently announced Section 232 trade investigation to include those who are importing steel products.
"What about the recipients of this steel, the guys that play both sides?” Goncalves said, according to Bloomberg. “At the same time they have a public speech supporting the trade cases and saying all the right things, under the radar and behind everybody’s back they are buying a lot of deducted steel and asking the middle man to bring more.”
Bloomberg has more on the story here.
