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Every year the iron ore price is determined by the government after negotiations between iron ore and steel producers In the average price of iron ore was set at $56 per tonne The steel cement and iron ore prices are currently being liberalized in IranCreating steel from low grade iron ore requires a long process of mining crushing separating concentrating mixing pelletizing and shipping The process of mining low grade iron ore or taconite requires massive resourc Heavy industrial mining equipment expansive mines and a skilled labor pool are all required The equipment used

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