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Taconite is a hard, banded, low-grade ore, and is the predominant iron ore remaining in the United States. Ninety-nine percent of the crude iron ore produced in the United States is taconite.

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Singapore — The gap between higher and lower grade iron ore fines is narrowing despite the fall in ore prices that make the higher grades attractive to steelmakers. Sources ascribe this to Chinese steelmakers opting for low grade ores to cut production costs amid plummeting demand. The physical ...

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