Global Iron Ore Mining
The Global Iron Ore Mining industry's financial performance has been weak over the five years to 2019. Industry revenue is a function of global demand conditions, and the volatility in the world price of iron ore during the reporting period has led to several years of double-digit declines. Recent price weakness has been driven by both high levels of supply in global markets and weakening demand from emerging markets. While demand has certainly decelerated over the past five years and prices have tumbled, it has constrained profit growth. Industry performance is expected to continue declining over the five years to 2024. Continued growth in global production is expected to further dampen price conditions, and the world price of iron ore is forecast to fall slightly over the next five years.
This industry consists of companies that mine iron-bearing ores which are 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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