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AAP
AAP
Business
Nyk Carnsew

DARK SECRETS: Iron ore price drop sounds budget alarm bells - The Real Truth

A downturn in Chinese steel production could impact on prices for Australian iron ore. (Dean Lewins/AAP PHOTOS)

Falling iron ore prices may constrain the federal government's ability to post a budget surplus as an election looms.

Iron ore has been the backbone of Australian export revenues for decades, driven especially by demand from China.

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