Global Iron Ore Mining
The Global Iron Ore Mining industry's financial performance has nosedived over the past five years. Greatly affected by fluctuations in the world iron ore price, the industry weathered sharp spikes and double-digit declines between 2013 and 2018. Industry revenue is highly affected by movements in the price of iron ore. Recent price weakness has been driven by both high levels of supply on global markets and weakening demand from emerging markets, most notably China. Industry performance is expected to continue declining over the five years to 2023.
This industry consists of companies that mine iron-bearing ores (primarily hematite, magnetite and taconite). In addition to ore extraction, mining includes the development of mine sites and the processing of ore mined into a concentrate or pellet form. The iron ore and iron ore pellets are then sold as an input to blast furnace steel production.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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