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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 | Jul 2014

Boomtown: Exports have increased rapidly due to thriving Chinese steel production

IBISWorld’s Iron Ore Mining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$84bn
Annual Growth 10-15
13.5%
Annual Growth 15-20
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Profit
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Employment
32,600
Businesses
127
Industry Analysis & Industry Trends

Over the five years through 2014-15, revenue for the Iron Ore Mining industry is expected to increase at an annualised 13.5% to reach $83.9 billion. Strong economic growth in large nations, such as China and India, has increased steel production, fuelling demand for iron ore and boosting its price over most of the past five years. Rising prices have led to capacity expansions and large-scale increases in Australia's iron ore output, particularly between 2011-12 and 2014-15.

Following a large decline in 2012-13 due to falling prices, industry revenue rebounded in 2013-14 by 25.2%, on the back of higher iron ore output, low iron ore inventories in Chinese ports and increased Chinese steel output. This was despite low prices in January 2014 and in subsequent months... 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 lump ore (6.3 millimetres to 31.5 millimetres), iron ore fines (less than 6.3 millimetres) and iron ore pellets.

Iron ore fines

Iron ore fines account for the largest share of industry revenue, at an estimated 69.7% in 2014-15. Steel manufacturers typically put fines through a sintering process to agglomerate the ore, making it easier to handle. The proportion of fines in total revenue has edged up slightly over the past five years, from an estimated 68.7% in 2009-10. This gradual shift reflects the nature of iron ore deposits, which typically contain a larger proportion of fines than lump ore... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Firms in this industry extract iron ore and iron ore sands. This 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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