Maska is a Canadian manufacturing divisionof Baldor Electric CoUSA. Maskawas founded in 1964 and is a manufacture of cast ironpulleysandrelated powertransmissionproducts.
The North American iron ore division produces iron ore pellets for use in blast furnaces as part of the steelmaking process, and currently has a rated annual production capacity of 27 million tons of iron ore.
Almost all its sale of iron ore in China is currently through its Asia Pacific Iron Ore Division, which has a limited supply capacity of 9 million metric tonnes of iron ore.
Below we highlight upside and downside scenarios for our Cliffs price estimate based on the outlook for drivers affecting the earnings for the North American iron ore division.