Cliffs Natural Resources says that it expects to sell 25 million tons of iron ore in 2010. Increased demand has led to Cliffs to upgrade its previous estimate of 23 million tons.
The company also announced that 2009 pellet sales volume was 16.4 million tons, down from a record 22.7 million tons in 2008.
Full-year revenues for 2009 were $2.34 billion, down 35 percent from 2008. Revenue for the fourth quarter of 2009 fell 10 per cent to $821 million.
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