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.” [5] Iron ore prices are down from 2021, but still above 2015-2019 averages. “In In September 2022, iron ore was valued at approximately 99.8 ” [6] Turning to labor costs, BLS’ July 2022 Employment Cost Index (“ECI”) revealed that “[c]ompensation costs for private industry workers increased 5.5 percent.” [7]
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