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Iron Ore Mining in the US
IBISWorld, July 2009, Pages: 29
This industry consists of establishments mainly engaged in developing mine sites, mining and/or beneficiating iron ores or manganiferous ores valued chiefly for their iron content, and/or producing sinter iron ore (except iron ore produced in iron or steel mills) and other iron ore agglomerates. 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.
Introduction
Explosive demand drives iron-clad growth
The explosive growth this declining industry has been experiencing has been price driven, not quantity driven. Import competition will remain high so cost containment will remain a priority. Iron ore prices are expected to edge down slowly over the future, reflecting continued strong demand for the mineral, especially from China.
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