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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 | May 2014

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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

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
$298bn
Annual Growth 09-14
17.7%
Annual Growth 14-19
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Profit
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Employment ('000)
135
Businesses
1,140
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

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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