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 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 77.8% of revenue. Industry concentration, which was already high, has increased during recent years due to 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.
The largest industry player, Cliffs Natural Resources, owns and operates five of the 13 iron ore mines in the United States (Empire, Tilden, Hibbing Taconite, Northshore Mining and United Taconite), which generate an estimated 37.9% of revenue... purchase to read more