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    Global iron ore production has increased from 2.9 billion tons in 2012 to 3.3 billion tons in 2016, peaking at 3.38 billion in 2014. Crude iron production, however, has consistently declined from 1.24 billion tons in 2013 to 1.23 billion tons in 2016, peaking, like iron ore, in 2014 at 1.26 billion tons.

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