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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 | Sep 2016

Poles apart: Surging output has lowered the world price of iron ore, reducing industry revenue

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
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Over the five years through 2016-17, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 5.4%, to $52.1 billion. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production. This fuelled demand for iron ore and contributed to high world iron ore prices. Industry revenue declined in 2012-13, due to higher global iron ore supply and reduced Chinese demand. However, it rebounded in 2013-14, on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output.

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

Industry Report - Industry Analysis Chapter

The performance of the Iron Ore Mining industry is closely tied to Chinese steel production, the world price of iron ore, domestic iron ore output and the value of the Australian dollar. The largest downstream steel-using industries in China and around the world are construction, motor vehicle manufacturing, shipbuilding, plant and equipment manufacturing, and consumer goods manufacturing. Changes in these industries' demand and output affect steel demand and output, which influences demand for iron ore. As Australia is a major global supplier of iron ore, the performance of its iron ore miners also depends on the volume of ore mined each year. The interplay between the global supply and demand of iron ore helps determine yearly production volumes and world prices... 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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