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Iron ore miners call the shots as China steelmakers' profits melt away

Frik Els | August 30, 2011 | 11:45 pm Asia China Europe Iron Ore 

China's 27 largest steel companies saw a 15.7% decrease in the first-half profits from a year earlier for a combined profit of $1.6 billion, according to the Shanghai-based researcher Wind Info, as soaring iron ore costs squeezed margins. The woes...

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