Iron Ore Mining Market Share 2015 - 2023

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Iron Ore Mining Market - Global Industry

Analysis, Market Size, Share, Growth,

Trends & Forecasts 2015 - 2023

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REPORT DESCRIPTION

The most important commodity used across the globe. Increasing infrastructure development and

industrialization has accelerated the demand for iron. Hence, the global iron ore mining market is

anticipated to grow during the forecast period. Crude Iron is produced from iron ore. Iron ore is extracted

from rock and minerals. These ores are usually wealthy in iron oxide (Fe2O3) and differ in color from grey,

deep yellow, rusty red to deep purple.Iron is found in the form of goethite (FeO(OH)),siderite (FeCO3),

limonite (FeO(OH).n(H2O)), hematite (Fe2O3) andmagnetite (Fe3O4). The most vital iron ore resources are

found in sedimentary rocks knownas Banded Iron Formations.

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Iron ore isreduced to pig iron by coke to produce crude iron metal. Iron is not strong in its pure form. It is

hardened and strengthen by mixing impurities such as carbon. Iron is produced from iron ore.Ores carrying

higher quantity of hematite or magnetite are called natural ore and can be directly fed into blast furnace

for the extraction of iron.In iron ore mining process, rocks carrying high quantity of ore are identified,

followed by drilling blast holes in the rocks. After explosion, shovels load the blasted ore into trucks or

conveyers. These trucks or conveyers bring the ore to the crushers to break the ore pieces into...