NEW YORK, Feb. 13, 2012 /PRNewswire/ -- Cliffs Natural Resources (NYS: CLF: $74) has been picked by S&P Capital IQ as its Focus Stock of the Week. CLF carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We view the shares of Cliffs Natural Resources as a compelling investment vehicle to benefit from a secular increase in steel consumption in Asia and ongoing consolidation of the global iron ore mining industry," said Leo Larkin, equity analyst at S&P Capital IQ. "We think the company's strong market position in North America's iron ore market provides it with a solid financial platform for expansion into Asian steel markets and the ability to fund its entry into new markets such as ferrochrome."
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