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Australia
I
may lose
contracts
SEOUL, South Korea,
Thursday (AP). - The
US and Canada may rc-J
piacc Australia as a sup
plier of iron ore and coal j
to South Korea.
The move followed
Australia's abolition of
preferential duties on Ko
rean steel products,
which reportedly fol
lowed pressure from the
Australian steel industry,
Korean officials said yes
terday.
A Korean-language
newspaper, the Hankook
Ilbo, reported that the
State-run Pohang Iron
and Steel Co had decided
to shift imports of
250,000 tons of iron ore
from Australia to the US,
1 and imports of 100,000
tons of coking coal to
Canada.
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