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Low iron ore prices threaten Magnetation, partner says

2015-04-29 11:04:52| Steel - Topix.net

The plummeting price of iron ore has endangered the future of Magnetation LLC, a minority partner in the company suggested Tuesday. In its first quarter conference call, A.K. Steel CEO James Wainscott said market conditions have 'made life extremely difficult for Magnetation' because the spot market price of iron ore pellets has fallen so low.

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