About Iron Ore Market
Iron ores are naturally occurring rocks that are rich in the element iron from which metallic iron is extracted and processed further for use in end-products. The spend momentum of this market will be attributed to the adoption of technologies that are enabling suppliers to improve the operational efficiency of their mining activities, reduce labor requirement, and improve workplace safety.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Iron Ore Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Iron Ore Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Iron ores are naturally occurring rocks that are rich in the element iron from which metallic iron is extracted and processed further for use in end-products. The spend momentum of this market will be attributed to the adoption of technologies that are enabling suppliers to improve the operational efficiency of their mining activities, reduce labor requirement, and improve workplace safety.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Iron Ore Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Iron Ore Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increasing demand for steel from emerging and developing economies
Category management strategy
- Engage with suppliers who can minimize the TAT for catering to ad hoc requirements
Procurement best practices
- Engage with suppliers that have adopted automation in mining their processes
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Iron Ore Category - Procurement Market Intelligence Report: Vale SA, Rio Tinto Group, BHP, Fortescue Metals Group Ltd, Anglo American Plc, ArcelorMittal SA.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with suppliers who have large production capacities with high utilization rates.”
According to the report, one of the key growth contributors for the global iron ore market is the adoption of innovative technologies by suppliers to improve their operational efficiency at the mining facilities.
Further, the report states that one of the key category management strategies for the buyers in the global iron ore market is to engage with suppliers whp have a good track record of regulatory adherence.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Vale SA
- Rio Tinto Group
- BHP
- Fortescue Metals Group Ltd
- Anglo American Plc
- ArcelorMittal SA.
Methodology
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