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Global Iron Ore Mining - Industry Market Research Report

  • ID: 3972364
  • Report
  • Region: Global
  • 37 pages
  • IBISWorld
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Heavy metal: Decreasing steel prices caused the price of iron ore to crash, taking revenue down with it

FEATURED COMPANIES

  • BHP Group Limited
  • Rio Tinto PLC
  • Vale SA ADR
  • MORE

Global Iron Ore Mining

The Global Iron Ore Mining industry's financial performance has been weak over the five years to 2019. Industry revenue is a function of global demand conditions, and the volatility in the world price of iron ore during the reporting period has led to several years of double-digit declines. Recent price weakness has been driven by both high levels of supply in global markets and weakening demand from emerging markets. While demand has certainly decelerated over the past five years and prices have tumbled, it has constrained profit growth. Industry performance is expected to continue declining over the five years to 2024. Continued growth in global production is expected to further dampen price conditions, and the world price of iron ore is forecast to fall slightly over the next five years.

This industry consists of companies that mine iron-bearing ores which are primarily hematite, magnetite and taconite. In addition to ore extraction, mining includes the development of mine sites and the processing of ore mined into a concentrate or pellet form. The iron ore and iron ore pellets are then sold as an input to blast furnace steel production.

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BHP Group Limited
  • Rio Tinto PLC
  • Vale SA ADR
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • BHP Group Limited
  • Rio Tinto PLC
  • Vale SA ADR
  • Fortescue Metals Group Ltd
Note: Product cover images may vary from those shown
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