Iron Ore industry consolidation has changed the face of the iron ore industry In 1999, the top three companies controlled 50 percent of world exports In 2000, the same three controlled 65 percent of exports For 2001, this number will be about 70 percent and could exceed 75 percent Iron Ore producers are being driven by the need to: capture synergies and cut costs boost productivity improve bargaining power and preserve profit margins.
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