Timetric's 'Iron Ore Mining in the US to 2020' report comprehensively covers the US reserves of iron ore, reserves by region, the historic and forecast data on iron ore production, historic and forecast iron ore production by form, iron ore prices, historic and forecast iron ore consumption and ores and concentrates exports and exports by country.
The report also includes factors affecting demand for iron ore, profiles of major iron ore producing companies and information on the active, exploration and development iron ore projects.
The Fiscal Regime section provides information about the country’s regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country.
It is an essential tool for companies active in US mining, and for new competitors considering entering the industry.
The US had the sixth-largest global reserves of iron ore, at 6.9 billion tonnes (Bnt) at the end of 2014, accounting for 3.7% of the global total. These iron ore reserves are mostly concentrated in the Mesabi Iron Ore Range in Minnesota, the Marquette iron range in Michigan and in Arizona and Texas. In 2014, the total value of mine production in the US was estimated at US$31.5 billion, of which iron ore accounted for 16%.
The report contains an overview of the US iron ore mining industry together with the key factors affecting the industry and demand for the commodity.
It also provides information about reserves, historic and forecast data on iron ore production, iron ore consumption, ores and concentrates exports, the competitive landscape and active, exploration and development iron ore projects.
Reasons To Buy
Gain an understanding of the iron ore mining industry in the US, its reserves, historic and forecast data on iron ore production, historic and forecast domestic iron ore consumption, iron ores and concentrates exports, demand drivers, active, exploration and development iron ore projects, the competitive landscape and the country's fiscal regime.
The country was the eighth-largest iron ore producer in the world in 2014, producing 57.5Mt in 2014, up by 8.5% over 2013.
The majority of it originated from Minnesota and Michigan, which collectively produced 93% of the total output.
Challenging domestic business conditions characterized by muted steel production and capacity utilization together with high tonnage of cheaper foreign steel, especially Chinese, dumped onshore have had a negative impact on domestic steel mills.