World Iron Ore Demand

Iron Ore: 2025 World Market Review and Forecast to …

global iron ore production is projected to grow at 2-2.3% annually as a result of substitution of China's domestic production of iron ore with imports, particularly from Australia and Brazil; This Market Review is a source for detailed …

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Perspectives on the long-term outlook for iron ore | AusIMM

World steel production of 1.67 Bt in 2014 generated a demand for 2.16 Bt of iron ore (on a saleable product basis). Even though steel is one of the most recycled materials on …

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IRON ORE PELLET INDUSTRY

China is the world's largest importer of iron ore pellets, accounting for 23% of the total seaborne pellet trade between CY2016 and CY2020. On the other hand, Brazil is the largest exporter, …

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Iron Ore Market Size, Share, Growth, Analysis Report, …

The global iron ore market size was valued at USD 279.35 billion in 2023 and is projected to grow from USD 290.25 billion in 2024 to USD 397.98 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period. Asia …

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Global Iron Ore Market Size, Analysis, Insights, Forecasts To 2033

The iron ore market is propelled by global steel demand, as iron ore is a key raw material for steel production, influenced by construction and industrial activities. Economic growth, especially in …

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Global Iron Ore Mining Outlook

North America United States Fire Lake North Champion Iron () 2,738.8 Proved Reserves: 23.7mnt; Mine Life: 19.6years; Expected Production: 9.3mnt/yr; The mine includes Fire Lake …

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Iron ore oversupply in 2025: challenges for Vale and Rio Tinto

Oversupply in the iron ore market will continue to suppress prices through 2025, market participants told Fastmarkets in the week to Friday February 21, piling pressure on …

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Global iron ore consumption 2017-2020

Premium Statistic Iron ore consumption United Kingdom (UK) 2009-2014 Premium Statistic Iron ore import volume in the U.S. 2010-2021 Premium Statistic Value of iron ore …

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Data

worldsteel publishes monthly production statistics for crude steel, direct reduced iron (DRI) and blast furnace iron (BFI). These are global steel statistics per country, including the main top …

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2025 Iron Ore Market Review 2019-2024 and Forecast to 2034

World Iron Ore Demand in 2019-2024. 1.3. Iron Ore Prices in the Global Market 2. Iron Ore Industry Trends in Europe 2.1. Austria 2.2. Greece 2.3. Sweden 3. Iron Ore Industry …

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Global usable iron ore production 2010-2024

Iron ore import volume in the U.S. 2010-2021; Value of iron ore imports to the U.S. 2010-2021; U.S. iron, gold, silver, and other metal ore mining gross output 1998-2016

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Mineral Commodity Summaries 2024

In 2023, seven open pit iron ore mines (each with associated concentration and . pelletizing plants) in Michigan and Minnesota shipped 98% of domestic usable iron ore products for …

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Global seaborne iron ore had a good 2024, but it's all China

The world's imports of seaborne iron ore rose a modest 3.6% to a record high in 2024, but the increase was almost entirely driven by China, the world's biggest buyer of the …

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Iron Ore

Iron Ore rose to 96.18 USD/T on June 6, 2025, up 0.50% from the previous day. Over the past month, Iron Ore's price has fallen 3.17%, and is down 11.34% compared to the same time last …

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Iron ore set to struggle amid subdued steel demand

Iron ore is among the most vulnerable to China's slowdown risks, as the country's property market constitutes the bulk of steel demand. China, the world's biggest consumer of iron ore, has continued to act as a drag on …

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Steel and iron ore market outlook / Steel debarbonisation

The evolution of China's underlying demand for resources will be a second highly influential force. ... an indelible imprint on commodity markets – as will developments in the rest of the …

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Global Iron Ore Market Report 2021: Iron Ore Demand

Chinese demand for iron ore is primarily due to rapid urbanization and industrialization and a robust GDP growth, which exceeds the growth rates of most of the …

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Demand for iron ore in India 2023-2030

Global iron ore mine production 2024, by country ; Iron ore production volume in Australia 2014-2024; Iron ore mine production in Brazil 2010-2024

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Global iron ore strategic planning outlook – Q2 2024

In the long term, China's demand for iron ore will shrink by 590 Mt (2024-2050). While additional supply from Simandou will contribute to an oversupplied market, pressuring …

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Iron Ore Market Size, Share & Trends | Industry …

The key factor driving the growth of the global iron ore market is the growing demand from industries like automotive and construction. Infrastructure projects, particularly in developing regions, are poised to boost the demand for steel …

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China's 2025 iron ore imports set to hit new high even as steel demand

China's iron ore imports to rise despite property crisis Higher imports driven by growing supply from Australia and Brazil Steel demand forecast to fall 1.5% in 2025, MPI …

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Temporal and spatial evolution of global iron ore supply-demand …

With regard to iron ore supply and demand, scholars have analysed iron ore's development strategies (Wu et al., 2016), the influencing factors of iron ore's demand in major …

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Iron ore price expected to ease over next 5 years on slower demand

Despite iron ore rebounding strongly in early 2023, after falling more than 50% in the second half of 2022, prices are expected to ease over the next 5 years on slower demand …

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Top 10 Largest Iron Ore Producer in the World

Iron ore stands as the backbone of the global steel industry, playing a pivotal role in construction, manufacturing, and infrastructure development. In 2025, the demand for this …

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Global Consumption of Iron ore, 2017

Iron Ore Consumption . China, accounted for major share out of the global iron ore consumption, followed by India, Russia, and Japan in 2020. GlobalData expects global iron ore consumption …

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worldsteel Short Range Outlook April 2024

The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025.

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Iron Ore Pellets Market Size & Forecast 2025-2035

Iron Ore Pellets Market Size and Share Forecast Outlook From 2025 to 2035. Global sales of iron ore pellets stood at USD 66.8 billion in 2024. The industry is further …

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Global Iron Ore Mining Outlook

Global iron ore production growth will accelerate over 2021-2025 after stagnating during the previous five years. Continued, albeit slower growth in Australia, faster growth in Brazil and...

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Global Iron Ore Market Size, Analysis, Insights, …

Economic growth, especially in developing nations like China and India, boosts demand for iron ore due to increased infrastructure projects. Supply chain dynamics, geopolitical stability in major producing countries, and technological …

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Iron Ore Statistics and Information | U.S. Geological …

Statistics and information on the worldwide supply of, demand for, and flow of the mineral commodity iron ore

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Iron ore weakness to continue into 2025 and beyond, says Fitch

Outside of China, steel production and demand for iron ore remain muted so far. According to the World Steel Association's report, global crude steel production declined by …

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Iron Ore Market size is set to grow by USD 57.5 billion from 2024 …

The global iron ore market size is estimated to grow by USD 57.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the …

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Global Iron Ore Market Trends

Iron is the most used industrial metal in the world, with steel production being the key driver of global iron ore demand. Mining Technology keeps track of the global iron ore market by …

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Iron Ore Price Forecast: Top Trends for Iron Ore in 2025

Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two year lows. Iron is one of the world's most important industrial metals, and is primarily used in ...

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Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand

It provides historical and forecast data on iron ore production, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing …

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Iron Ore Market Size, Growth & Share | Forecast-2032

The global iron ore market was valued at USD 297.82 billion in 2024. It is expected to reach USD 392.11 billion in 2032, growing at a CAGR of 2.7% over the forecast period (2024-32). …

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Introduction: Overview of the global iron ore industry

To meet the growing demand for steel products, world iron ore production has increased dramatically since 2000. As a result, traditional high-grade iron ore reserves are …

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Iron Ore Price Forecast: Top Trends for Iron Ore in 2025

According to Worldsteel, Germany's domestic steel demand is expected to grow by a little less than 6 percent in 2025, after falling by 7 percent in the previous year.Global iron ore ...

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