Global Iron Ore Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Iron Ore Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030


Iron ore is a relatively abundant metallic element (it composes about 5% of the Earth’s crust) and the main raw material used in steelmaking. Around 98% of global mined iron ore is used to make pig iron, which is an intermediate product of the steel-making process. The remaining 2% is used in several applications, such as production of cement, printing inks, plastics, cosmetics (eye shadow), artistic colors, fertilizer ingredients, and pigments. Currently, iron ore is mined in over 50 countries; however, the bulk of production comes from Australia, Brazil and China.

According to our (Global Info Research) latest study, the global Iron Ore market size was valued at US$ 182040 million in 2023 and is forecast to a readjusted size of USD 153420 million by 2030 with a CAGR of -2.4% during review period.

The global iron ore market is highly fragmented with small and large vendors. The key vendors in the market are BHP, Vale, Rio Tinto etc. The top 3 companies hold a share about 40%. Asia Pacific is the largest market, with a share about 70%, followed by South America with the share about 20%.

This report is a detailed and comprehensive analysis for global Iron Ore market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Iron Ore market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Iron Ore market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Iron Ore market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Iron Ore market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Iron Ore

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Iron Ore market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Rio Tinto, Vale, BHP, FMG, HPPL, Anglo American, ArcelorMittal, Ansteel Mining, NMDC, Metinvest, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Iron Ore market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Sinter feed
Pellet feed
Lump
Pellet

Market segment by Application
Cold-rolled Sheet
Hot-Rolled Sheet
Rod and Wires
Pipes
Ingots and Semi-finished Steel
Others

Major players covered
Rio Tinto
Vale
BHP
FMG
HPPL
Anglo American
ArcelorMittal
Ansteel Mining
NMDC
Metinvest
LKAB
Metalloinvest
CSN
NLMK
MRL
CAP
Severstal
EVRAZ
Cleveland-Cliffs
Ferrexpo
SSGPO
HBIS Resources
Huaxia Jianlong
Hainan Mining
Dazhong Mining
IRC
Jinling
Hanking

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Iron Ore product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Iron Ore, with price, sales quantity, revenue, and global market share of Iron Ore from 2019 to 2024.

Chapter 3, the Iron Ore competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Iron Ore breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Iron Ore market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Iron Ore.

Chapter 14 and 15, to describe Iron Ore sales channel, distributors, customers, research findings and conclusion.


1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Iron Ore Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Sinter feed
1.3.3 Pellet feed
1.3.4 Lump
1.3.5 Pellet
1.4 Market Analysis by Application
1.4.1 Overview: Global Iron Ore Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Cold-rolled Sheet
1.4.3 Hot-Rolled Sheet
1.4.4 Rod and Wires
1.4.5 Pipes
1.4.6 Ingots and Semi-finished Steel
1.4.7 Others
1.5 Global Iron Ore Market Size & Forecast
1.5.1 Global Iron Ore Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Iron Ore Sales Quantity (2019-2030)
1.5.3 Global Iron Ore Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Rio Tinto
2.1.1 Rio Tinto Details
2.1.2 Rio Tinto Major Business
2.1.3 Rio Tinto Iron Ore Product and Services
2.1.4 Rio Tinto Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Rio Tinto Recent Developments/Updates
2.2 Vale
2.2.1 Vale Details
2.2.2 Vale Major Business
2.2.3 Vale Iron Ore Product and Services
2.2.4 Vale Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Vale Recent Developments/Updates
2.3 BHP
2.3.1 BHP Details
2.3.2 BHP Major Business
2.3.3 BHP Iron Ore Product and Services
2.3.4 BHP Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 BHP Recent Developments/Updates
2.4 FMG
2.4.1 FMG Details
2.4.2 FMG Major Business
2.4.3 FMG Iron Ore Product and Services
2.4.4 FMG Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 FMG Recent Developments/Updates
2.5 HPPL
2.5.1 HPPL Details
2.5.2 HPPL Major Business
2.5.3 HPPL Iron Ore Product and Services
2.5.4 HPPL Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 HPPL Recent Developments/Updates
2.6 Anglo American
2.6.1 Anglo American Details
2.6.2 Anglo American Major Business
2.6.3 Anglo American Iron Ore Product and Services
2.6.4 Anglo American Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Anglo American Recent Developments/Updates
2.7 ArcelorMittal
2.7.1 ArcelorMittal Details
2.7.2 ArcelorMittal Major Business
2.7.3 ArcelorMittal Iron Ore Product and Services
2.7.4 ArcelorMittal Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 ArcelorMittal Recent Developments/Updates
2.8 Ansteel Mining
2.8.1 Ansteel Mining Details
2.8.2 Ansteel Mining Major Business
2.8.3 Ansteel Mining Iron Ore Product and Services
2.8.4 Ansteel Mining Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Ansteel Mining Recent Developments/Updates
2.9 NMDC
2.9.1 NMDC Details
2.9.2 NMDC Major Business
2.9.3 NMDC Iron Ore Product and Services
2.9.4 NMDC Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 NMDC Recent Developments/Updates
2.10 Metinvest
2.10.1 Metinvest Details
2.10.2 Metinvest Major Business
2.10.3 Metinvest Iron Ore Product and Services
2.10.4 Metinvest Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Metinvest Recent Developments/Updates
2.11 LKAB
2.11.1 LKAB Details
2.11.2 LKAB Major Business
2.11.3 LKAB Iron Ore Product and Services
2.11.4 LKAB Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 LKAB Recent Developments/Updates
2.12 Metalloinvest
2.12.1 Metalloinvest Details
2.12.2 Metalloinvest Major Business
2.12.3 Metalloinvest Iron Ore Product and Services
2.12.4 Metalloinvest Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Metalloinvest Recent Developments/Updates
2.13 CSN
2.13.1 CSN Details
2.13.2 CSN Major Business
2.13.3 CSN Iron Ore Product and Services
2.13.4 CSN Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 CSN Recent Developments/Updates
2.14 NLMK
2.14.1 NLMK Details
2.14.2 NLMK Major Business
2.14.3 NLMK Iron Ore Product and Services
2.14.4 NLMK Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.14.5 NLMK Recent Developments/Updates
2.15 MRL
2.15.1 MRL Details
2.15.2 MRL Major Business
2.15.3 MRL Iron Ore Product and Services
2.15.4 MRL Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.15.5 MRL Recent Developments/Updates
2.16 CAP
2.16.1 CAP Details
2.16.2 CAP Major Business
2.16.3 CAP Iron Ore Product and Services
2.16.4 CAP Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.16.5 CAP Recent Developments/Updates
2.17 Severstal
2.17.1 Severstal Details
2.17.2 Severstal Major Business
2.17.3 Severstal Iron Ore Product and Services
2.17.4 Severstal Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.17.5 Severstal Recent Developments/Updates
2.18 EVRAZ
2.18.1 EVRAZ Details
2.18.2 EVRAZ Major Business
2.18.3 EVRAZ Iron Ore Product and Services
2.18.4 EVRAZ Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.18.5 EVRAZ Recent Developments/Updates
2.19 Cleveland-Cliffs
2.19.1 Cleveland-Cliffs Details
2.19.2 Cleveland-Cliffs Major Business
2.19.3 Cleveland-Cliffs Iron Ore Product and Services
2.19.4 Cleveland-Cliffs Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.19.5 Cleveland-Cliffs Recent Developments/Updates
2.20 Ferrexpo
2.20.1 Ferrexpo Details
2.20.2 Ferrexpo Major Business
2.20.3 Ferrexpo Iron Ore Product and Services
2.20.4 Ferrexpo Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.20.5 Ferrexpo Recent Developments/Updates
2.21 SSGPO
2.21.1 SSGPO Details
2.21.2 SSGPO Major Business
2.21.3 SSGPO Iron Ore Product and Services
2.21.4 SSGPO Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.21.5 SSGPO Recent Developments/Updates
2.22 HBIS Resources
2.22.1 HBIS Resources Details
2.22.2 HBIS Resources Major Business
2.22.3 HBIS Resources Iron Ore Product and Services
2.22.4 HBIS Resources Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.22.5 HBIS Resources Recent Developments/Updates
2.23 Huaxia Jianlong
2.23.1 Huaxia Jianlong Details
2.23.2 Huaxia Jianlong Major Business
2.23.3 Huaxia Jianlong Iron Ore Product and Services
2.23.4 Huaxia Jianlong Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.23.5 Huaxia Jianlong Recent Developments/Updates
2.24 Hainan Mining
2.24.1 Hainan Mining Details
2.24.2 Hainan Mining Major Business
2.24.3 Hainan Mining Iron Ore Product and Services
2.24.4 Hainan Mining Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.24.5 Hainan Mining Recent Developments/Updates
2.25 Dazhong Mining
2.25.1 Dazhong Mining Details
2.25.2 Dazhong Mining Major Business
2.25.3 Dazhong Mining Iron Ore Product and Services
2.25.4 Dazhong Mining Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.25.5 Dazhong Mining Recent Developments/Updates
2.26 IRC
2.26.1 IRC Details
2.26.2 IRC Major Business
2.26.3 IRC Iron Ore Product and Services
2.26.4 IRC Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.26.5 IRC Recent Developments/Updates
2.27 Jinling
2.27.1 Jinling Details
2.27.2 Jinling Major Business
2.27.3 Jinling Iron Ore Product and Services
2.27.4 Jinling Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.27.5 Jinling Recent Developments/Updates
2.28 Hanking
2.28.1 Hanking Details
2.28.2 Hanking Major Business
2.28.3 Hanking Iron Ore Product and Services
2.28.4 Hanking Iron Ore Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.28.5 Hanking Recent Developments/Updates
3 Competitive Environment: Iron Ore by Manufacturer
3.1 Global Iron Ore Sales Quantity by Manufacturer (2019-2024)
3.2 Global Iron Ore Revenue by Manufacturer (2019-2024)
3.3 Global Iron Ore Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Iron Ore by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Iron Ore Manufacturer Market Share in 2023
3.4.3 Top 6 Iron Ore Manufacturer Market Share in 2023
3.5 Iron Ore Market: Overall Company Footprint Analysis
3.5.1 Iron Ore Market: Region Footprint
3.5.2 Iron Ore Market: Company Product Type Footprint
3.5.3 Iron Ore Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Iron Ore Market Size by Region
4.1.1 Global Iron Ore Sales Quantity by Region (2019-2030)
4.1.2 Global Iron Ore Consumption Value by Region (2019-2030)
4.1.3 Global Iron Ore Average Price by Region (2019-2030)
4.2 North America Iron Ore Consumption Value (2019-2030)
4.3 Europe Iron Ore Consumption Value (2019-2030)
4.4 Asia-Pacific Iron Ore Consumption Value (2019-2030)
4.5 South America Iron Ore Consumption Value (2019-2030)
4.6 Middle East & Africa Iron Ore Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Iron Ore Sales Quantity by Type (2019-2030)
5.2 Global Iron Ore Consumption Value by Type (2019-2030)
5.3 Global Iron Ore Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Iron Ore Sales Quantity by Application (2019-2030)
6.2 Global Iron Ore Consumption Value by Application (2019-2030)
6.3 Global Iron Ore Average Price by Application (2019-2030)
7 North America
7.1 North America Iron Ore Sales Quantity by Type (2019-2030)
7.2 North America Iron Ore Sales Quantity by Application (2019-2030)
7.3 North America Iron Ore Market Size by Country
7.3.1 North America Iron Ore Sales Quantity by Country (2019-2030)
7.3.2 North America Iron Ore Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Iron Ore Sales Quantity by Type (2019-2030)
8.2 Europe Iron Ore Sales Quantity by Application (2019-2030)
8.3 Europe Iron Ore Market Size by Country
8.3.1 Europe Iron Ore Sales Quantity by Country (2019-2030)
8.3.2 Europe Iron Ore Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Iron Ore Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Iron Ore Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Iron Ore Market Size by Region
9.3.1 Asia-Pacific Iron Ore Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Iron Ore Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 South Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Iron Ore Sales Quantity by Type (2019-2030)
10.2 South America Iron Ore Sales Quantity by Application (2019-2030)
10.3 South America Iron Ore Market Size by Country
10.3.1 South America Iron Ore Sales Quantity by Country (2019-2030)
10.3.2 South America Iron Ore Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Iron Ore Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Iron Ore Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Iron Ore Market Size by Country
11.3.1 Middle East & Africa Iron Ore Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Iron Ore Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Iron Ore Market Drivers
12.2 Iron Ore Market Restraints
12.3 Iron Ore Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Iron Ore and Key Manufacturers
13.2 Manufacturing Costs Percentage of Iron Ore
13.3 Iron Ore Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Iron Ore Typical Distributors
14.3 Iron Ore Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer

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