Iron ore prices on the market in 2020

 By extracting crude iron ore from the separating the impurities, a dark silver-brown iron powder is obtained. This element is easily oxidized and alone is not very strong and to increase its use in sectors such as construction, its alloy is prepared using many elements. These elements are different and the most common of them are nickel and chromium. For more information about Iron ore prices on the market in 2020, you can visit our site.

What are the four types of iron ore?

Hematite iron ore

Hematite gets its name from the Greek word haima because of its reddish color. Hematite is  of iron ore that  a very high amount of iron, and although the amount of iron hematite itself is lower than magnetite, but this mineral is sometimes present in higher concentrations, which is often used as direct ore. This means that due to its high iron content, hematite ores may be mined prior to export through a relatively simple crushing and screening process .

Magnetite iron ore

As mentioned, magnetite iron ore has more iron than hematite ore, but it is often present in lower concentrations. This means that it must be concentrated before using it to produce steel. However, the magnetic properties of the rock in this process help to separate the magnetite rock from the rock. Magnetite ores are currently mined in Minnesota and Michigan in the United States, as well as in Taconite deposits in eastern Canada. One of the most important mining sites in Michigan is the Marquette area. The mine was discovered in 1844, and the ore was first mined in 1848 at the request of the Michigan government. Magnetite ore and hematite ore are four types of iron ore deposits in this area .

Goetite iron ore

Goethite, like limonite, consists not only of weathering of primary iron ores such as hematite or magnetite, but also of oxidation and hydration of iron-rich sulfide minerals .

Iron ore limonite

Limonite is a mixture of iron oxides and hydroxides that can also be written as Fe2O3 • H2O, ie as hematite with crystallized water. Dear customers, you can refer to our website for more information about steel sheet sizes.

Latest price of iron ore on the market

Iron ore is the raw material for  and 98% of the iron ore mined worldwide to produce steel. The automotive and construction industries are the main sectors consuming steel, and as a result, the demand for steel in these  the demand and price of iron ore. Siderite is a good ore, although not as rich as types of sheet metal. It can be revived in two simple steps. First, carbonate decomposes to FeO and carbon dioxide (FeCO3 ⇒ FeO + CO2) only upon heating. Then, with hot carbon monoxide, metal iron is produced. (FeO + CO ⇒ Fe + CO2) For more information about Latest price of iron ore on the market, you can visit our site.