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Iron ore price decline hurts U.S. Steel's cost advantage over rivals. ... The decline in Chinese consumption has led to a fall in steel production and the use of iron ore, he said. At the same time, the world's biggest iron ore suppliers — Vale in Brazil, BHP Billiton in Australia and Rio Tinto in the United Kingdom — are in the midst of ...

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The Latest Iron Ore Price Slump: Causes And EffectsForbes

 &#;&#;The mining majors remain unfazed by this decline, claiming that it is a short-term phenomenon and there is no change in their long-term demand projections. Rio Tinto , Vale and BHP Billiton are best placed to ride out this phase since they have lower costs of production compared to other players in the industry due to economies of …

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Site visit to iron ore operations in Western Australia

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Source[4] Note: Mine production for China is based on crude ore, rather than usable ore, which is reported for the other countries. Despite being the largest producer of iron ore, China is also the world’s largest importer of iron ore.

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