Over the five years through 2015-16, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 1.3% to $60.1 billion. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production, fuelling demand for iron ore and contributing to high world iron ore prices. Following a large revenue decline in 2012-13 due to reduced Chinese demand, industry revenue rebounded in 2013-14 on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output.
Firms in the industry extract iron ore and iron ore sands, and carry out beneficiation processes to refine the mined ore. The industry also includes businesses that produce sinter and other agglomerates.
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.