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 Key Buyers Chapter
The Iron Ore Mining industry is highly concentrated, with the three largest firms (Cliffs Natural Resources, US Steel and ArcelorMittal) accounting for over two thirds of industry production and about 95.0% of revenue. Industry concentration, which was already high, has been steady in recent years due to continued consolidation activity. A few large companies control the largest and highest-volume producing mines. This results from the small amount of iron ore resource locations available.
Cliffs Natural Resources owns and operates five of the 11 iron ore mines in the United States (Empire, Tilden, Hibbing Taconite, Northshore Mining and United Taconite)... purchase to read more