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  • Cheaper Iron Ore Finding Plenty of Buyers in China,

    Benchmark spot ore with 62 percent iron content was at $67.25 a metric ton on Wednesday, while the higher-quality supply with 65 percent was at $84.00, a $16.75 spread, according to Mysteel.com. The price difference between the two grades, at its highest in the past year, was $25.25 in September.

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