|Product Name||Iron Ore|
|Region/Countries for which Data is available||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand|
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece,
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
Request for Real Time Iron Ore Prices: https://www.procurementresource.com/resource-center/iron-ore-price-trends/pricerequest
Iron Ore is minerals and rocks full of iron oxides, making it ideal for the extraction of iron for economic purposes. It is the main source of the world’s iron and steel industries. These ores have a rigid appearance, and their colour may range from dark grey, bright yellow, and deep purple to rusty red.
The leading Iron Ore producing countries globally are Australia, Brazil, South Africa, Canada, and Ukraine.
Key Details About the Iron Ore Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Iron Ore price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Iron Ore price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Iron Ore Price Trend:
Industrial uses impacting Iron Ore price trend primarily include producing steel (98%), and the leftover is used for applications, including powdered iron which is used for some kinds of magnets, steels, catalysts, and auto parts. It is also used for using radioactive iron employed in making medicines and as a tracer element in metallurgical and biochemical research. Iron blue is added to printing ink, cosmetics, paints, plastics, and enamel finishing for automotive and other appliances. The remaining black iron oxide is applied as a pigment for polishing substances, ferrites, medicine, metallurgy, magnetic inks, and also in the electronics industry
Key Market Players:
- Samarco Mineracao S.A.
- Rio Tinto plc
- Vale S.A.
- Anglo American plc
- Fortescue Metals Group Ltd.
News and Events:
- September 20, 2022- On Tuesday, Fortescue Metals Group, based in Australia, stated that they plan to invest around USD 6.2 billion to stop the use of fossil fuels in order to reach the real zero terrestrial emissions goal covering all of its iron ore operations by the decade end.
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