BY ROBERT GUY MATTHEWS
The world's biggest iron-ore miners are running at record production rates and boosting prices, maintaining the upward momentum begun in earnest in the second half of 2010.
Steelmakers, the major buyers of seaborne iron ore, are taking it on the chin, warning in their coming financial results that raw material prices will sap their profits for a better part of the year.
The world's third-largest steelmaker by sales, South Korea's Posco, said this month that its profit fell 60% in the final quarter of 2010 from the year before, due in part to a steep rise in prices for iron ...
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