Iron Ore
If you are Iron Ore producer or customer, if you consider Magnetite Iron Ore or Hematite one, in any case, you can work with CANIYA so much. We have access to the best Iron ore resources, so we supply Iron ore at the best price and terms. Also, we can market and find the best customers for your products on our website and the extensive network of our clients. So, let’s start.
Description
What is Iron Ore?
Iron Ore is one of the most abundant minerals in the earth’s crust (around 5%). We find Iron Ore in two common kinds of mineral mineralization (Iron Oxide). They are Hematite (Fe2O3) and Magnetite (Fe3O4). Hematite Iron ore has 69.9% iron and Magnetite Iron Ore has 72.4% iron. Goethite, limonite, and siderite are other kinds of Iron Ore in nature. Iron Ore has appeared in nature in colors from dark grey, bright yellow, or deep purple to rusty red.
What is Iron Ore Used For?
Iron Ore has some different consumption, but we use Iron Ore for producing all types of Steel generally. The major consumer segments of steel are the automotive industries and construction. So, as a result, the demand for steel has an impact on the demand and price of Iron ore. Some methods of steelmaking process use Iron Ore directly (blast furnaces). Others use Iron Ore in shapes as Concentrate, Pellet, and DRI (EAF and others).
What is a replacement for iron ore?
Iron ore has no direct substitutes, but steel as its main consumer has alternatives. Due to this, it has high competition with other metals, such as aluminum. Consequently, some industries increasingly use it such as the automobile industry. On the other hand, metals such as aluminum require a high percentage of electricity consumption. Therefore, making steel is more common. Steelmakers can recover a limited amount of scrap iron, but steel is more recyclable than any other metal. Although steel is also produced from scrap recycling, its overall volume is currently insufficient.
How is the iron ore market?
Australia is a major producer of Iron ore, China, Brazil, Russia, and the United States follow it. But there is a difference between Australia and China. It is that Australia exports all its production while China consumes all its production, as it is the world’s largest steel producer and has one of the main markets for Iron ore consumption.
China is the world’s largest producer of steel and produces about half of the world’s steel. It has both production and imports to meet its Iron ore needs. The importance of Chinese Iron ore demand on the market for this raw material is evident as China is the second-largest producer of Iron ore in the world, being the first importer of this important raw material. Australia and Brazil supply the bulk of China’s demand, with India accounting for only about 25 percent of China’s imports.
How can CANIYA help you with Iron Ore?
If you are Iron Ore producer or customer, if you consider Magnetite Iron Ore or Hematite one, in any case, you can work with CANIYA so much. We have access to the best Iron ore resources, so we supply Iron ore at the best price and terms. Also, we can market and find the best customers for your products on our website and the extensive network of our clients. So, let’s start.
