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Iron Ore Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Ore Mining Market Research Report | ANZSIC B0801 | May 2016

Minimising margins: Industry profit has declined over the past five years as prices fell

IBISWorld’s Iron Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$52bn
Annual Growth 11-16
-4.1%
Annual Growth 16-21
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Profit
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Employment
27,900
Businesses
37
Industry Analysis & Industry Trends

Over the five years through 2015-16, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 4.1% to $52.1 billion. Early in the five-year period, strong economic growth in China led to increased iron ore mining development and drove greater steel production. This fuelled demand for iron ore and contributed to high world iron ore prices. Following a 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.

However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to a global oversupply... purchase to read more

Industry Report - Industry Products Chapter

Companies in the industry mine iron ore and produce iron ore concentrate through a beneficiation process. The final industry products are iron ore fines (less than 6.3 millimetres), lump ore (6.3 millimetres to 31.5 millimetres and iron ore pellets.

Iron ore fines

Iron ore fines account for the largest share of industry revenue, at an estimated 74.5% in 2015-16, and an estimated 78.1% of industry volume. Steel manufacturers typically put fines through a sintering process to agglomerate the ore, making it easier to handle. The proportion of industry revenue generated by iron ore fines has increased over the past five years. Iron ore fines are also expected to account for an increasing proportion of industry volume... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

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.

Industry Products
Lump oreIron ore finesIron ore pellets
 
Industry Activities
Iron ore dressing or beneficiatingIron ore miningIron sands mining


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