Industry Description
Establishments primarily engaged in mining, beneficiating, or otherwise preparing iron ores and manganiferous ores valued chiefly for their iron content. This industry includes production of sinter and other agglomerates except those associated with blast furnace operations. Blast furnaces primarily engaged in producing pig iron from iron ore are classified in Manufacturing, Industry 3312.
Business Examples
Common types of business activities within US SIC 1011 - Iron Ores are:
- Brown ore mining
- Hematite mining
- Iron agglomerate and pellet production
- Iron ore dressing (beneficiation) plants
- Iron ore mining
- Iron ore, blocked: mining
- Limonite mining
- Magnetite mining
- Manganiferous ore mining, valued chiefly for iron content
- Siderite mining
- Sintering of iron ore at the mine
- Taconite mining
IBISWorld Industry Research Report
Iron Ore Mining in the US (21221)
Revenue 2025
$5.3bn
Growth 2025
-5.52%
Key Trends
Volaitlity in the world price of iron ore greatly impacted profit
Global production disruptions have historically contributed to jumps in industry selling prices
Exports will return to growth over the outlook period
Products and Services
US-SIC Hierarchy 1011 - Iron Ores
US-SIC Code 1011 - Iron Ores sits in the 2-digit Iron Ores sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: B
Division Title: Mining
2 Digits 3 Digits 4 Digits
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101 Iron Ores
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102 Copper Ores
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103 Lead and Zinc Ores
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104 Gold and Silver Ores
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106 Ferroalloy Ores, Except Vanadium
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108 Metal Mining Services
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109 Miscellaneous Metal Ores
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-
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122 Bituminous Coal and Lignite Mining
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123 Anthracite Mining
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124 Coal Mining Services
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-
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131 Crude Petroleum and Natural Gas
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132 Natural Gas Liquids
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138 Oil and Gas Field Services
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-
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141 Dimension Stone
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142 Crushed and Broken Stone, Including Riprap
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144 Sand and Gravel
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145 Clay, Ceramic, and Refractory Minerals
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147 Chemical and Fertilizer Mineral Mining
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148 Nonmetallic Minerals Services, Except Fuels
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149 Miscellaneous Nonmetallic Minerals, Except
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Extended US-SIC Hierarchy for 1011 - Iron Ores
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 1011 - Iron Ores. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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101198 Iron-ore
8 Digit SIC Codes
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10110000 Iron ores
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10110100 Iron ore mining
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10110101 Open pit iron ore mining, nec
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10110102 Open pit taconite mining
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10110103 Underground iron ore mining
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10110200 Iron ore preparation
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10110201 Iron ore beneficiating
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10110202 Iron ore pelletizing
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10110203 Iron ore sintering at the mine
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