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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 identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

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 Key Buyers

The four largest firms in the Global Iron Ore Mining industry account for one-third of industry output and industry revenue, indicating that industry concentration is low to moderate. The three largest firms have high production capacities, and these companies have historically dominated the industry. They are also heavily focused on internationally trading in iron ore, and their diverse mineral base ensures they typically have more capital available to invest in projects than smaller operators.

Industry concentration has increased as the largest firms in the industry, Vale, BHP Billiton and Rio Tinto, have acquired smaller players. BHP Billiton's decision to abandon its plans to merge with Rio Tinto announced in late 2007 will keep industry concentration at its current level... 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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