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Global Iron Ore Mining: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Iron Ore Mining Market Research Report | Mar 2015

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Iron Ore Mining global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
BHP Billiton BHP Billiton market share
Rio Tinto Rio Tinto market share
Vale Vale market share
Industry Statistics & Forecast
Revenue
$161bn
Annual Growth 10-15
-9.8%
Annual Growth 15-20
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Profit
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Employment ('000)
133
Businesses
1,108
Industry Analysis & Industry Trends

The Global Iron Ore Mining industry's financial performance has been highly volatile in recent years. From 2010 to 2015, the industry weathered sharp spikes and double-digit declines. After two years of strong growth in 2010 and 2011, revenue contracted in 2012 due to the plummeting price of iron ore. In 2015, industry performance has been weak due to falling iron ore prices and stagnating demand from emerging markets. However, industry performance is expected to improve over the five years to 2020, with revenue expected to rise. The gain reflects global economic growth, increased steel output and rising iron ore production and prices. These factors will be supported by recovering demand for steel from emerging economies as well as strengthening developed economies... read more

Industry Products

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.

Ore

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

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Iron Ore Mining Industry?

This industry consists of firms that mine iron-bearing ores (primarily hematite, magnetite and taconite). In addition to ore extraction, mining includes the development of mine sites and the processing of ore mined into a concentrate or pellet form. The iron ore and iron ore pellets are then sold as an input to blast furnace steel production.

Industry Products
Iron ore finesIron ore lumpIron ore pelletsIron ore pellet feed
 
Industry Activities
Mining iron bearing oreProcessing iron bearing ore into pellets


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