(Companies Covered: Vale S.A., Rio Tinto, BHP, Fortescue Metals Group Ltd. (FMG), Anglo American Plc, Ansteel Group, Cleveland Cliffs Inc)
The global iron ore market reached a value of nearly $136,145.5 million in 2019, having increased at a compound annual growth rate of 4.8% since 2015. The market is expected to decline from $1,64,534.6 million in 2019 to $1,31,964.9 million in 2020 at a rate of –19.8%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to slightly grow from $130,892.0 million in 2021 to $132,496.9 million in 2023 at a compound annual growth rate of 0.6% and decline to $129,444.0 million in 2030.
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The iron ore market consists of sales of iron ores and concentrates by entities (organizations, sole traders and partnerships) that mine iron ore. The industry includes establishments that develop mine sites, mine and beneficiate iron ore, and produce sinter iron ore, except iron ore produced in iron and steel mills.
Global Iron Ore Market Segmentation –
1) By Type Of Ore- Agglomerated Iron Ores, Nonagglomerated Iron Ores And Concentrates.
2) By End-Users- Construction, Manufacturing and Others.
Global Iron Ore Market Driver –
Government policies that support the iron ore industry are expected to drive the iron ore market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes support through governments public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies.
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Few Points From The Global Iron Ore Market TOC
1. Iron Ore Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation By Geography
7. Iron Ore Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By End-Use
7.3.2. Nonagglomerated Iron Ores And Concentrates
8. Iron Ore Market, Supply Chain Analysis
8.1.1. Mining Equipment Suppliers
8.1.2. Land
9. Iron Ore Market, Product/Service Analysis –Product/Service Examples
10. Iron Ore Market Customer Information
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