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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 SWOT Analysis Chapter

The Iron Ore Mining industry is in the mature stage of its life cycle, despite the fact that industry value added (IVA), or the industry's contribution to the overall economy, is projected to decrease at an annualized rate of 0.7% in the 10 years to 2020. Industry revenue is highly volatile, and so IVA can change substantially as a result of changes to the iron ore price. Booming iron ore prices during much of the past five years boosted the industry's share of US GDP, but the industry's expanding share of the economy was almost completely based on price increases. Similarly, the decrease in IVA recorded at present is largely a result of recent iron ore price falls. In that same period, US GDP is forecast to grow at an average annual rate of 2.2%... 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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