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Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports.Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.Iran's iron ore exports dropped by a third in June from a year ago to 1.2 million tons, the lowest since September 2012, according to the Iranian Iron Ore Producers and Exporters Association (IRIOPEX).Most of Iran's 38 million tons in output last year came from less than 10 state-owned mines, Tehrani said.Iran was the fourth-largest supplier of iron ore to China last year, selling 22.4 million tons, dwarfed by top exporter Australia's 417 million tons.
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