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 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