A Congressional infrastructure bill
A Congressional infrastructure bill could help with the demand for steel, but that most likely will not happen until 2018.CLF data by YCharts2018 Outlook Investor, business, and consumer sentiment appears to be strong going into 2018. There is the potential that 2018 could be a good year for infrastructure building and repair. This, in turn, could translate into increased steel demand and the need for iron ore pellets supplied by Cliffs.
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Citing monetary concerns arising from impending trials on sex abuse claims, the Archdiocese of Portland (Oregon) filed for Chapter 11 bankruptcy on July 6, 2004, hours before two abuse trials were set to begin, becoming the first Roman Catholic diocese to file for bankruptcy. If granted, bankruptcy would mean pending and future lawsuits would be settled in federal bankruptcy court. The archdiocese had settled more than a hundred previous claims for a sum of over $53 million.
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