The Iron Ore Mining industry is expected to generate revenue of $60.4 billion in 2012-13, compared with $25.4 billion in 2007-08 (yielding annualised growth of 18.9%). Over the period, strong economic growth in large emerging nations, such as China and India, has lifted steel production, fuelling growing demand for iron ore and lifting the iron ore price (even allowing for the fall in 2011-12). In turn, rising prices led to capacity expansions and large-scale increases in Australia's iron ore output.
Firms in this industry mine iron ore. The main type of ore mined is haematite.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.