Industry Analysis & Industry Trends
After a period of major highs and lows, revenue will maintain steady growth over the next five years. Through 2018, 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. Nevertheless, over the next five years, industry revenue is anticipated to increase as a result of strong demand from emerging economies like China... purchase to read more
Industry Report - Industry Products Chapter
The Iron Ore Mining industry segmentation is well-established and the changes on year-to-year basis are marginal. This industry produces iron ore pellets, iron ore concentrates, iron sinter, fine iron ores and other agglomerates.
Iron ore pellets
Pellets consist of iron ore that has been formed into small balls and baked for easier handling. These pellets account for the bulk of production, amounting to about 95.1% of the total and attract higher prices than concentrates or raw iron ore. Most ore consists of fines (small particles) that are beneficiated to increase iron content and agglomerated into materials that can be charged in blast furnaces (for steel production) more easily... purchase to read more