Cliffs Jumps Most in Seven Years as Profit Tops Estimates

Updated on
  • Cliffs stock surges 25% in biggest advance since 2008
  • CEO sees `consistent signs of a real recovery' in U.S steel

Cliffs Natural Resources Inc., the biggest U.S. iron-ore miner, jumped the most in more than seven years after first-quarter earnings exceeded estimates and the company announced supply-contract renewals with steelmakers.

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