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Global economic slowdown rippling through Iron Range, too

Layoffs expected at mining companies and fewer shipments headed out of the Duluth harbor are signs that the worldwide economic downturn is being felt on Minnesota’s Iron Range, reports Minnesota Public Radio’s Bob Kelleher.

Less demand for steel globally means less need for Minnesota iron, and ship owners are ending their season early. All of this comes just when the mine companies were planning expansions.

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