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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 | Jun 2014

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

IBISWorld’s Iron Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
26.8%
Annual Growth 14-19
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Profit
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Employment
4,950
Businesses
21
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 - Starting a New Business Chapter

There are substantial barriers to entry into the Iron Ore Mining industry. These include the capital expenditures necessary to undertake exploration programs and to fund mine development. Additionally, opening a mine is a very lengthy process, and upon a mine's completion there is no guarantee it will be economical. Obtaining the rights to operate at a mine owned by a competitor can also be difficult and require large royalties. The high concentration of large players who control most of the high production mines in the United States also make it difficult for new entrants. Competition for mine properties is nonexistent as the major players own and control most higher-grade mines, with the three largest companies responsible for almost all US iron ore output... 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


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