Industry Statistics and Rankings
How does this industry perform in Russia compared to Europe?
Country Benchmarking
Industry Data Russia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#1 In EuropeBusiness
#1 In EuropeEmployees
#1 In EuropeWages
#2 In EuropeRevenue is forecast to contract at a compound annual rate of 8.2% over the five years through 2024 to €9.1 billion. The pandemic contributed to significant disruption in iron ore miners’ downstream markets. As China is the largest consumer of iron ore, their strict COVID restrictions hindered demand, limiting recovery over 2021 and constraining revenue growth for the period. European iron ore miners also contend with significant competition from large foreign miners, like those in Australia and Brazil – the world’s largest iron ore producers.
Enterprises
Number of businesses in 2024
Biggest companies in the Iron Ore Mining in Russia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Metalloinvest Management Company LLC | 6,363.0 | 2,815.5 | 44.2 | |
EVRAZ plc | 13,723.9 | 2,499.4 | 18.2 | |
Novolipetsk Steel PAO | 10,482.2 | 3,404.3 | 32.5 |
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Top Questions Answered in this Report
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What is the market size of the Iron Ore Mining industry in Russia in 2024?
The market size of the Iron Ore Mining industry in Russia is €6.1bn in 2024.
How many businesses are there in the Iron Ore Mining in Russia industry in 2024?
There are 105 businesses in the Iron Ore Mining industry in Russia, which has declined at a CAGR of 4.0 % between 2019 and 2024.
Has the Iron Ore Mining industry in Russia grown or declined over the past 5 years?
The market size of the Iron Ore Mining industry in Russia has been declining at a CAGR of 14.3 % between 2019 and 2024.
What is the forecast growth of the Iron Ore Mining industry in Russia over the next 5 years?
Over the next five years, the Iron Ore Mining industry in Russia is expected to grow.
What are the biggest companies in the Iron Ore Mining market in Russia?
The biggest companies operating in the Iron Ore Mining market in Russia are Metalloinvest Management Company LLC, EVRAZ plc and Novolipetsk Steel PAO
What does the Iron Ore Mining in Russia include?
Iron ore fines and Lump ore are part of the Iron Ore Mining industry.
Which companies have the highest market share in the Iron Ore Mining in Russia?
The company holding the most market share in Russia is Metalloinvest Management Company LLC.
How competitive is the Iron Ore Mining industry in Russia?
The level of competition is low and decreasing in the Iron Ore Mining industry in Russia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Non-Ferrous Metal Ore Mining in Russia
- Uranium and Thorium Ores Mining in Russia
Complementors
- Coal & Lignite Mining in Russia
- Hard Coal Mining in Russia
International industries
Table of Contents
About this industry
Industry definition
Companies in the industry extract iron ore and iron ore sands and carry out beneficiation processes to refine mined ore. Companies may also produce sinter and other agglomerates.
Related Terms
FinesIron Ore PelletsLump OreWhat's included in this industry?
Iron ore finesLump oreIron ore pelletsCompanies
Metalloinvest Management Company LLCEVRAZ plcNovolipetsk Steel PAOIndustry Code
071 - Mining of iron ores in Russia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Iron Ore Mining in Russia industry?
Outlook
Analysis
What's driving the Iron Ore Mining in Russia industry outlook?
Volatility
Analysis
What influences volatility in the Iron Ore Mining in Russia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Iron Ore Mining in Russia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Europe’s geology favours iron pellet production. Due to the high magnetite content in European iron ore, pellets require less energy to produce.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Iron Ore Mining in Russia industry's products and services performing?
Analysis
What are innovations in the Iron Ore Mining in Russia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Iron Ore Mining in Russia industry?
International Trade
Highlights
- Total Imports into Russia
- Total Exports into Russia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Large companies dominate the industry. Due to the high level of capital and financial resources required to start iron ore mining operations, larger players have gained a significant portion of market share.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Iron Ore Mining in Russia located?
Companies
Data Tables
Top 5 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Miners must follow strict regulations. Miners must ensure they have the correct permissions and mining leases and follow strict environmental regulations concerning pollution and the use of hazardous chemicals.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Iron Ore Mining in Russia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising iron prices support profitability. As iron ore prices expand, miners can sell their products at higher prices, supporting profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Iron Ore Mining in Russia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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