Cliffs Natural Resources wins arbitral award in dispute over iron ore purchase amount
Clients Cliffs Natural Resources Inc.
Jones Day defended Cleveland Cliffs, Inc. (n/k/a Cliffs Natural Resources, Inc.), an iron ore supplier, in an arbitration concerning a steel company's right under a multi-year supply contract to increase its 2008 purchases of iron ore pellets by almost 1.5 million tons. The arbitration panel rejected the steel company's $20 million damage claim.
ArcelorMittal USA Inc. v. Cleveland-Cliffs Inc., No. 53 1450016408 (AAA)