Industry Analysis & Industry Trends
The industry weathered a volatile revenue performance over the past five years. Ultimately, though, tremendous price spikes prior to and following the recession offset any declines that occurred over the period. Over the next five years, surging demand from emerging countries will keep demand for iron ore at its current highs, spurring mining companies to ramp up production to capitalize on growing revenue and profit opportunities... read more
The Global Iron Ore Mining industry mines various types of iron ore, including lump ore, iron ore fines and iron ore pellets, which in turn include pellets and pellet feed. Both ore and pellets are used as feedstock for steel production in blast furnaces.
Fine iron ore, or iron ore fines, is iron ore that is less than six millimeters in size. 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. Fine ores are screened ores that are primarily sold to sinter plants and are typically cheapest product available to the steel industry blast furnaces. Fine ore makes up about 61.5% of industry revenue... read more