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Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".
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The import price of 62% Fe content ore at the port of Tianjin jumped 3% to $57.40 per dry metric tonne on Tuesday according to data supplied by The Steel Index after Chinese iron ore miners asked ...
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China's position as the largest consumer of seaborne iron ore has moved prices considerably. Global prices jumped 46% last year while Chinese iron ore prices were up 16%.
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The graph shows iron ore mining in China from September 2017 to September 2018. In September 2018, about 66.93 million metric tons of crude iron ore had been extracted in China.
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Australia first began to sell iron ore to China as far back as 1973, only one year after the establishment of diplomatic relations between our two countries, and not long after the iron ore mining industry was established in the Pilbara region of Western
Dongtian Mining Company Ltd., which is located in Datong, Shanxi Province, China, mainly deals with production of ultra pure iron concentrate,raw iron ore and its related mineral separation process.
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