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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 | Dec 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
$144bn
Annual Growth 10-15
-13.6%
Annual Growth 15-20
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Profit
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Employment ('000)
934
Businesses
6,297
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 SWOT Analysis

Global iron ore production has been robust, with increases in production outstripping demand growth over the 10 years to 2015. As demand from China slows, the large industry players will be challenged to bolster their portfolios of mining projects. Over the 10 years to 2020, IVA is expected to decline at an annualized rate of 8.8%. In comparison, world GDP is expected to increase at an average annual rate of 3.4%; therefore, the industry is declining as a share of the global economy.

The decline represents the weakness of China's market for iron ore and steel. The rapid expansion of China's steel industry not only spurred a large increase in its own iron ore production, but it also encouraged the iron ore production of other nations... 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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