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Iron Ore Mining in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Ore Mining Market Research Report | NAICS 21221 | Oct 2016

Pumping iron: A decline in the price of iron ore will lead to a drop in revenue

IBISWorld’s Iron Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Strong demand for steel from China and other emerging economies will propel revenue growth
  • The industrialization of China and India has been an overwhelming influence on iron ore prices
  • Revenue will benefit from rising demand and prices without equal adjustments to output
  • ... purchase to read more

Industry Analysis & Industry Trends

The US mining sector has grown considerably as the economy has recovered. During the recession, weak demand and subsequent drops in output and prices sent revenue crashing in 2009. The sudden drop in iron and steel demand during the downturn caused iron ore prices to fall significantly, forcing industry operators to curtail production or close mines and processing facilities to reduce costs. Over the coming years, the industry is expected to continue benefiting from expanding foreign demand... ... purchase to read more

Industry Report - Industry Products Chapter

The Iron Ore Mining industry segmentation is well established and the changes on year-to-year basis are marginal. This industry produces iron ore pellets, iron ore concentrates, iron sinter, fine iron ores and other agglomerates.

Iron ore pellets

Pellets consist of iron ore that has been formed into small balls and baked for easier handling. These pellets account for the bulk of production, amounting to about 96.7% of the total and attract higher prices than concentrates or raw iron ore. Most ore consist 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. Fin.. ... purchase to read more

Additional Insights for the Iron Ore Mining Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron Ore Mining Industry are

  • Effective cost controls
  • Ability to comply with environmental laws
  • Availability of resource
  • IBISWorld analysts also discuss how external factors such as Demand from iron and steel manufacturing and World price of iron ore in the Iron Ore Mining industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Iron Ore Mining Industry?

    Companies in this industry mine iron-bearing ores. In addition to ore extraction, mining includes the development of mine sites and the processing of ore into a concentrated or pellet form. Iron ore and iron ore pellets are then sold as an input for blast-furnace steel production (Iron and Steel Manufacturing industry, IBISWorld report 33111).

    Industry Products
    Iron ore pelletsConcentratesAll Other including nuggets and agglomerates
    Industry Activities
    Iron ore miningIron ore beneficiating

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from iron and steel manufacturing
  • World price of iron ore
  • Industrial production index
  • Trade-weighted index
  • Current Performance
  • Volatile prices
  • Trade
  • Operational trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Production, prices and profit
  • Foreign markets
  • Market entry will continue to remain challenging
  • Table: Iron Ore Mining Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron Ore Mining Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Paint Manufacturing
  • Cement Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Refining
  • Nonferrous Metal Rolling & Alloying
  • Key Selling Industries
  • Coal & Natural Gas Power
  • Hydroelectric Power
  • Inland Water Transportation
  • Mining, Oil & Gas Machinery Manufacturing
  • Nuclear Power
  • Petroleum Refining
  • Sand & Gravel Mining
  • Products & Services
  • Iron ore pellets
  • Concentrates
  • All Other including nuggets and agglomerates
  • Chart: Iron Ore Mining Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Steel manufacturers
  • Exports
  • Other industrial markets
  • Chart: Major Market Segmentation for the Iron Ore Mining Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Iron Ore Mining
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron Ore Mining Industry
  • Industry Globalization
    Major Companies
    Cliffs Natural Resources Inc.
    United States Steel Corp.
  • Table: Cliffs Natural Resources Inc. - financial performance
  • Table: United States Steel Corp. - financial performance
  • Table: ArcelorMittal - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron Ore Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Iron Ore Mining Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of Iron Ore (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A variety of processes whereby ore extracted through mining is separated into mineral and gangue, the former suitable for further processing or direct use.
  • Iron Ore Pellets
  • Marble-sized balls of an iron ore and clay mixture, baked in a large furnace.
  • Pelletizing
  • The process of compressing or molding a material into the shape of a pellet.
  • Taconite
  • An iron-bearing, high-silica, flint-like rock. It typically contains between 20.0 and 30.0% iron and occurs in the Mesabi Range of northeastern Minnesota.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Iron Ore Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Iron Ore Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Iron Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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