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Iron ore giants expand clout as sales to China rise

Miners in Australia and Brazil are managing to build market share in China even as steel output contracts amid an economic slowdown.


IN the global iron ore market, the world's two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.

Cargoes from Australia to China rose 13 per cent to 347.4 million tonnes in the first seven months of the year,