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Iron ore industry suffers historic downturn.

Publication: Manufacturing & Technology News
Publication Date: 28-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The industry that supplies American steel companies with iron ore is suffering a deep retrenchment. Iron ore pellet shipments have fallen by 65 percent this year compared to 2008. Significant inventories exist at mines and ports, which will slow a recovery once demand picks back up.

The U.S. industry that...

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