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Digging up red dirt in regional Australia seems a world away from Sydney but the plummeting price of iron ore, which is used to make steel, affects us all. Canberra relies on royalties for the federal budget and huge drops in price are going to start hurting. 📱Download the 7NEWS app: 7news.link/7newsapp #7NEWS | 7NEWS Sydney
1:08
Digging up red dirt in regional Australia seems a world away from Sydney but the plummeting price of iron ore, which is used to make steel, affects us all. Canberra relies on royalties for the federal budget and huge drops in price are going to start hurting. 📱Download the 7NEWS app: 7news.link/7newsapp #7NEWS | 7NEWS Sydney
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Facebook7NEWS Sydney
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