Steel Products
Cliffs Files Suit Against Mesabi Metallics
Written by Sandy Williams
September 4, 2018
Cleveland Cliffs has filed a lawsuit over mineral rights in Nashwauk, Minnesota. The iron ore company has filed suit against the Minnesota Department of Natural Resources, MDNR Commissioner Tom Landwehr and Mesabi Metallics, to prohibit Mesabi Metallics from mining iron ore on properties owned or controlled by Cleveland Cliffs.
Cliffs purchased surface and mineral rights to various parcels in the Nashwauk area from Glacier Park Iron Ore properties. A DNR permit issued to Mesabi includes 1.1 billion tons of “in-situ inferred taconite resources” on Cliffs’ property, according to the lawsuit. Cliffs requested in March and again in May that the Mesabi permits be modified, transferred or revoked by the DNR to protect company owned resources Both requests were denied by the DNR. The company has also asked Mesabi to refrain from trespassing.
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Drilling activity slows in US but picks up steam in Canada
Oil and gas drilling in the US slowed for a third consecutive week, while activity in Canada hovered just shy of the 19-week high reached two weeks prior.

Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.