China continues to adhere to the iron ore in the long-drawn-out negotiating table, the iron ore trade in the domestic market but in the event of subtle changes.

中国依然坚守在旷日持久的铁矿石谈判桌上，国内的铁矿石贸易市场却在发生微妙变局。

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But here the issue is concentration: on 2008 figures, the Rio-BHP venture would leapfrog over Vale of Brazil to take the top spot and amount to more than 35 per cent of global seaborne iron ore trade.

但本案的焦点在产业集中上：根据2008年的数据，力拓-必和必拓合资企业将一跃超过巴西淡水河谷(Vale)，位居全球海运铁矿石业之首，占据全球35%以上的份额。

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Clarksons, the world's biggest shipbroker, which pioneered derivatives for dry-bulk cargoes like iron ore and coal in the early 1990s, made its first container-derivative trade in January this year.

克拉克森是世界首屈一指的船商，他于二十世纪九十年代初率先开发了衍生品——干散货(例如铁、煤)，并且在今年一月进行了首次集装箱衍生品的交易。

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The glut of iron ore developing in the international market is good news for steel consumers such as car makers and builders but will hit the profits of BHP Billiton, Rio Tinto and Vale, the big three of the seaborne iron ore trade.

FORBES: Connect

In late May, Japanese and South Korean steelmakers agreed price cuts with the three mining companies that dominate the trade in iron ore Rio, BHP Billiton and Vale.

ECONOMIST: Rio Tinto and China

There was also concern that Europe's competition authorities might balk at a deal which would put the combined entity in control of roughly 40% of the world's international trade in iron ore, and force it to sell some assets at a time when it would be difficult to get a good price.

ECONOMIST: Face value