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NEW YORK ( TheStreet) -- Cliffs Natural Resources (NYSE: CLF) hit a new 52-week low Friday as it is currently trading at $15.49, below its previous 52-week low of $15.50 with 3.5 million shares traded as of 11:15 a.m. ET. Average volume has been 11.8 million shares over the past 30 days. Cliffs Natural has a market cap of $2.54 billion and is part of the basic materials sector and metals & mining industry. Shares are down 57% year to date as of the close of trading on Wednesday. Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal.