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Oct 17, 2017 · It is also the world's thirdlargest producer of LNG and is forecast to be the world leader by 2020. Reduction of iron ore to reduced iron form adds value and provides more compact products, which reduces shipping costs. The specific iron content of the direct reduced iron is a function of the iron content of the iron ore.

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Shanghai nonferrous metals all closed with gains today as the market has been boosted by the estimate that the US Fed's rate hike, with details to be disclosed soon, would be less than expected. DCE iron ore futures market roseing sharply trends by %. the main contract closed 804. The spot quotation in the morning almost kept steady.

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Changing focus. The company has been lowering its reliance on customers that produce coal. Thermal coal customers accounted for 50% of revenues in 2019, down to 24% in 2020, 23% in 2021, and is targeting this sector to be much lower within five years. Coking coal customers were at 40% in 2019, rising to 69% in 2020 and back down to 49% last ...

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