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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 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
$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

Starting a New Business

There are substantial barriers to entry into the Global Iron Ore Mining industry. These include the capital expenditures necessary to undertake exploration programs and fund mine development. Prospective entrants require large amounts of capital (usually several hundred million dollars) to develop or purchase a new mine. Obtaining the rights to operate at a mine owned by a competitor can also be difficult and require large royalties. The number of established players who control most of the high production mines in the world also make it difficult for new entrants, especially if they are small. New players are left to compete by operating at lower-grade mines or processing facilities, which have higher operating costs... 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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