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Chinese seek 40% cut to iron ore prices

CHINA'S largest steelmaker Baosteel is leading the call for a 40% price drop in 2009 benchmark co...

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Chinese seek 40% cut to iron ore prices

According to a report by New York-based news service Platts, a 40% drop in 2009 benchmark contract prices would see the price for Hamersley-blend fines - one of the benchmark prices - drop to around $US50.80...

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