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Iron Ore | 2007-2021 Data | 2022-2023 Forecast | Price
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Introduction of iron ore Steel slag is a by-product of the steelmaking process. It is composed of various oxides oxidized in the smelting process by impurities such as silicon, manganese, phosphorus and sulfur in pig iron and salts generated by the reaction of these oxides with solvents.
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Iron ore is a non-fungible commodity, and its quality varies. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - iron, silica, alumina and phosphorus.
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The reason behind the decision is that the exploitation cost is very high, while the iron content in the ore is low, at just 30-40 percent. Meanwhile, the iron ore price has dropped dramatically ...
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