Industry Analysis & Industry Trends
After a period of major highs and lows, revenue for the Iron Ore Mining industry is expected to experience steady growth over the next five years. Through 2019, production and profit are expected to increase, supported by strong demand for steel from emerging economies and the strengthening of the US economy. However, the price of iron ore is projected to drop in three of the next five years, threatening growth... purchase to read more
Industry Report - Industry Locations Chapter
Currently, there are 11 US mines producing iron ore, concentrated primarily in Minnesota, Michigan and Missouri. Although there are other iron ore deposits across the country, the current location of operating iron ore mines is determined by the location of the most economically viable iron ore deposits. Regional breakdown of US iron ore production has been stable for several years. Because the industry also includes facilities for beneficiation, agglomeration and pelletizing of iron ore, establishment share is diversified beyond the location of mines, bringing the total number of industry establishments to 28.
The Plains accounts for the greatest share of US iron ore production facilities (about 34.5%), with all production from this region occurring in Minnesota and Missouri... purchase to read more