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Brazilian miner Vale SA said on Tuesday it was slowing down production of low-margin iron ore in the fourth quarter by about 4 million tonnes due to low prices, and could cut back output in 2022 ...

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The CME offers two 62% iron content contracts and a third contract based on ore with 58% iron and low alumina. Each contract settles into 500 dry metric tons of iron ore. The contracts trade globally on the CME Globex electronic trading platform and have a variety of expiration months. The ICE offers four contracts based on 62% iron content.

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Iron ore is the primary raw material used to make steel. Steel is strong, long-lasting and cost-efficient – making it perfect for everything from washing machines to cars, bridges and skyscrapers. According to the World Steel Association, steel is the most commonly used alloy in the world. Global steel consumption is forecast to grow by 1%-2% ...

Historically, iron ore has traded under long-term contracts based on a benchmark price, negotiated annually. This approach was established under the first major agreement between a buy-side consumer of iron ore - a steel producer - and a sell-side iron

CM European type rough grinding. Application: Metallurgical, mining, chemical, cement, gangue, construction, sand making, refractory and ceramics and other industrial and mining enterprises are suitable for medium and fine crushing of various soft and hard ores with compressive strength not higher than 320MPa. --.

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The Australian share market has recouped the week's losses and big miner BHP has won approval from investors for its plan to reduce greenhouse …