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flag Australian government offers $135M rescue to iron smelting businesses amid industry struggles.

flag Despite a decline in steel production, the iron ore market shows resilience. flag China's iron ore imports have decreased year-to-date, though they increased in July. flag Meanwhile, the Australian government is offering financial aid to struggling smelting businesses, with a $135 million rescue package for Nystar's operations in Port Pirie and Hobart, amid calls for more support.

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