For the five years to 2014, revenue for the Iron Ore Mining industry in China grew 21.5% per year on average. However, growth has been volatile from year to year. After sharp rises in 2010 and 2011, the price of iron ore dropped significantly in 2012 due to a steel oversupply and the economic cool down in China. As a result, industry revenue growth slowed considerably in 2012. The iron ore price remained low in in 2013 and 2014 with revenue growth estimated at 8.3% to $165.7 million in 2014. There are over 4,300 enterprises operating in the industry, with total employment of 672,000 and total output of iron ore at an expected 1.5 billion tons in 2014.
Enterprises in the Iron Ore Mining industry in China mine and beneficiate (remove impurities from) iron ores. Products in this industry include hematite, magnetite, limonite, siderite and taconite, in the forms of both ore and powder.
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.