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Global miners are jockeying to export higherpriced and higher ironcontent ore to Chinas steel sector, which is shifting to greener mills that run better on highergrade ore.
#0183;#32;Trade tensions may tempt China to accelerate development of African iron ore, but analysts say it will have little impact on Australia''s market share and prices.
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Iron Ore Minin in China industry outlook () poll Average industry growth : lock Purchase this report or a membership to unlock the average company profit margin for this industry.
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The mining giant''s shipments of iron ore from Australia hit an alltime high in the past year and could grow even further in 2021 as the company projects demand from Chinese steel mills to
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Iron ore producers have been concerned by the rise in steel stockpiles at mills in China and the possible impact of oversupply. To date, however, this has not impacted iron ore prices, which on 13 March rose above 90/t, with prices supported by tight supply from Brazil because of heavy rain and Chinese mills having less access to domestic iron ore supplies.
#0183;#32;Ironore futures in Singapore tumbled from the highest since 2013 after a leading mills group in China stepped up its push for authorities in the top importer to investigate the raw material
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