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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 2015

Steady extraction: Iron ore demand and production will stabilise, boosting industry revenue

IBISWorld’s Iron Ore Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 10-15
7.2%
Annual Growth 15-20
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Profit
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Employment
30,300
Businesses
39
Industry Analysis & Industry Trends

Over the five years through 2014-15, Iron Ore Mining industry revenue is expected to increase at an annualised 7.2% to $63.1 billion. Strong economic growth in China increased development and drove greater steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2013-14. However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to global iron ore oversupply, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices until this time provided an incentive for Australian iron ore mining firms to increase production to benefit from higher Chinese demand. This led to major capacity expansions and large-scale increases in Australia's iron ore output in the past five years... 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 75.9% in 2014-15, and an estimated 79.9% of industry volumes. 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 69.5% in 2009-10, with volumes up from 72.3%... 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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