Iron Ore Mining in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Ore Mining Market Research Report | NAICS 21221 | Nov 2015

Pumping iron: A decline in the price of iron ore will lead to a drop in revenue

IBISWorld’s Iron Ore Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
Add to Cart
Add to Cart
Industry Analysis & Industry Trends

The US mining sector has grown considerably as the economy has recovered. During the recession, weak demand and subsequent drops in output and prices sent revenue crashing in 2009. The sudden drop in iron and steel demand during the downturn caused iron ore prices to fall significantly, forcing industry operators to curtail production or close mines and processing facilities to reduce costs. In the coming years, the industry is expected to continue benefiting from expanding foreign demand... purchase to read more

Industry Report - Industry Investment Chapter

The Iron Ore Mining industry is highly capital intensive, as substantial amounts of capital are invested in heavy equipment necessary for mining activities. The ratio of labor costs to depreciation charges is indicative of an industry's labor and capital intensities, as this shows the amount of revenue absorbed by labor inputs and capital inputs into production.

High capital intensity arises from the nature of the mining process, which requires significant investment in large-scale earth-moving and processing equipment such as electric shovels and conveyors. The industry also has a substantial working capital requirement because companies require sufficient capital to survive during periods of low prices, when revenue can temporarily be insufficient to cover costs... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Companies in this industry mine iron-bearing ores. In addition to ore extraction, mining includes the development of mine sites and the processing of ore into a concentrated or pellet form. Iron ore and iron ore pellets are then sold as an input for blast-furnace steel production (Iron and Steel Manufacturing industry, IBISWorld report 33111).

Industry Products
Iron ore pelletsConcentratesFine oresSinterOther agglomeratesNuggets
Industry Activities
Iron ore miningIron ore beneficiating

View Sample
Select Clients