Iron ore company price in 2020

To produce one ton  blast furnace requires 1.75 tons of iron ore, 750 kg of coal and 250 kg of limestone, which also consumes 4.5 metric tons of air. The air temperature in of the furnace reaches 1600 degrees Celsius. There are several methods in the production process, including blast furnaces. For more information about Iron ore company price in 2020, you can visit our site.

Where iron ore is found?

 That is why the iron and steel industries around need this mineral. A large part of the iron ore  the world is consumed by steel mills. The iron ore mineral is often found in both hematite and magnetite. Iron ore is the raw material for steel production and 98% of the iron ore mined worldwide is used to produce steel. The automotive and  are the main sectors consuming steel, and as a result, the demand for steel in these sectors and price of iron ore.

Australia and Brazil are the world’s largest iron ore miners, producing 930 million tonnes and 480 million tonnes in 2019, respectively.

With 23 billion tonnes of iron ore reserves, Australia is the largest holder of iron ore reserves in the world as the largest country in 2019. More than 90% of Australia’s iron ore reserves are located in the western part of the country, in the province of Hammersley. And this place is one of the largest iron ore reserves in the world. The two mining companies, BHP Bilton and Riotino, mainly extract their iron ore from this area.

In 2009, world iron ore production was equivalent to 1 billion 691 million 150 thousand tons, which is a decrease of 2.3 percent compared to 2008. The decline occurred in the United States and Europe, where US iron ore production fell 28.2 percent and Europe 11.4 percent.

The main producer of iron ore is Australia, followed by China and Brazil. Other major producers are Russia and the United States. In 2009, Australia’s total iron ore production was 393,900,000 tonnes, followed by China with 340,900,000 tonnes. However, the difference between Australia and China is that Australian production is exported while consumes all of its production. Because it is the largest producer of steel in the world and has one of the main markets consumption. For more information about steel sheet metal, visit our official site.

Factory price of Iron ore in 2020

Iron ore is a mineral that exists in nature in different types, the most common of which are magnetite iron ore and hematite iron ore. Each of these minerals is used in specific applications due to their special properties, including sheet metal thickness. For example, hematite iron ore is a mineral that is used in the dyeing industry due to its red color and is also used to extract iron ore. Magnetite iron ore, as its name implies, has a very high electromagnetic property and is therefore used to produce magnets. For more information about Factory price of Iron ore in 2020, you can visit our site.