Iron Ore Mining in Canada
A primary input in steel production, iron ore has enabled the world economy to advance drastically over the past century as steel has become a cornerstone of many industries. The Iron Ore Mining industry in Canada relies on the global trade of the commodity; as a result, the industry boomed and contracted in response to China's wavering demand for steel after it rapidly urbanized. Overall, IBISWorld estimates that a recent drastic drop in the iron ore price will cause industry revenue to fall over the five years to 2017. Over the early portion of the five years to 2022, IBISWorld expects the Iron Ore Mining industry in Canada to experience short-term challenges while iron ore prices remain weak. This will cause declines in total industry revenue.
This industry mines iron ore and manganiferous ores valued primarily for their iron content. Companies in this industry also process ore into a concentrated or pellet form. This industry excludes blast furnace operations.
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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