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BHP Billiton cuts iron ore supply target as quarterly output falls

BHP Billiton (NYSE:BHP) cuts its iron ore export guidance for the second time in three months, as it reports a fall in quarterly shipments.

BHP says its global iron ore output for the March quarter, stripping out the share of partners, totaled 53M metric tons, down 7% Q/Q and down 10% Y/Y, prompting the miner...