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
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