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     · Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. About 98% of the mined iron ore is used to make steel either by the blast furnace—basic oxygen furnace (BFBOF) route—or through the electric arc furnace (EAF) route. The majority of world crude steel is made from the BFBOF route.

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     · Australian and Brazilian iron ore miners are safe for now. Steel mill owners in parts of China are in a bad mood, Beijingbased commodities consultant Simon Wu said.

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