Global Iron Ore Mining: Rising Demand from India and China Steel Industries Witnessed


Published on : Jan 18, 2019

Albany, New York, January 18, 2019: Though being one of the widely distributed metals, merely 49 countries accounting for 150 deposits produce different types of iron ore. China, Australia, Brazil, Russia and India are top 5 largest producers of iron ore in the world. High-grade haematitie and magnetite iron ore deposits are widely scattered in China. Owing to small consumption in Australia, it exports large quantities—Japan being the largest importer of Australian iron. The bulk of minerals is primarily in the Western Australia in Pilbara region, thereby representing 95% of Australian’s iron ore. These excerpts are in line with the report titled, “Global Iron Ore Mining to 2022,” which has been lately incorporated in the ever-expanding repository of Market Research Hub (MRH).

Iron ore form essential steel products which can be processed into different finished products. Steel products have plethora of uses in a range of industries such as automotive, packaging, household appliances and construction among many others. Soaring demand for iron ore from India and China steel industries are expected to drive iron ore mining. Witnessing surge in demand, iron ore producer have planned to set up new mining plants along with expanding their production capacities.

Sea borne iron trade is also estimated to fuel the demand for iron ore mining. However, iron ore mining is high-capital intensive, which requires heavy investment in machinery and equipment needed for mining activities. Moreover, governments in regions levy duties and regulations on mining sector which further inhibit the growth of iron ore mining industry.

Global Iron Ore Mining: Report Content

The report provides a quantitative and qualitative analysis on the iron ore industry. Further, the report delves into historical and forecast data on iron ore production on the basis of grade, country, and consumption and iron ore reserves to 2022. The report also includes trade section which offers insights on major exporter and importers. The report includes dynamics in the form of demand drivers and trends influencing the iron ore industry.

The final section of the report delineates the competitive scenario of the iron ore mining industry with company overview, strategies, insights on planned, active and exploration projects. Prominent companies in the iron ore mining included in the report are Rio Tinto Plc, Vale SA, BHP Billiton and Anglo American Plc.

Global Iron Ore Mining: Research Methodology

The research methodology in this report includes secondary sources, primary sources and analysis from panel of expert. Secondary sources applied in the report include, but are not limited to government documents, annual reports, investors’ presentation, World Bank database, market reports, statistical database, relevant patent and regulatory database. Primary sources incorporates telephonic interviews, honest reviews and e-mail interactions across regions.  Expert panel relentlessly analyzes the report in order to offer readers with worth wile report.  

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