Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Iron ore - Statistics & Facts

Iron is the most commonly used metal worldwide. It is primarily used by the construction, engineering, automotive, and machinery industries, often as the main ingredient in steel. Thus, the supply of iron ore is an important factor for the global economy. Based on the production of usable iron ore, Australia and Brazil are some of the largest iron producers in the world. In 2019, Australia produced an estimated 930 million metric tons of iron ore, while Brazil's production came to an estimated 480 million metric tons.

Accordingly, the world’s largest companies involved in iron ore mining are from these two countries. Vale S.A. from Brazil produced 302 million metric tons in 2019. Anglo-Australian mining companies BHP Billiton and Rio Tinto complete the world’s top three iron ore producers.

While Australia and Brazil are the top exporters of iron ore, China is by far the largest iron importer. As is the case for many other commodities as well, Chinese demand significantly defines the global iron ore market. Nearly two-thirds of global iron ore exports go to China – over one billion metric tons. In comparison to that, the United States consumed only about 41 million metric tons of iron ore in 2019, while total U.S. iron ore shipments stood at about 50 million metric tons.

Prices of iron ore showed an average increase over the last 13 years, before decreasing considerably in 2015. The price of iron ore reached a record high during this decade in 2011, when the average price was 168 U.S. dollars. In 2019, the iron ore price was about 94 U.S. dollars per dry metric ton unit. As of July 2020, the monthly iron ore price sat at about 109 U.S. dollars per dry metric ton.

Interesting statistics

In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Iron ore".

Iron ore

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Iron ore" and take you straight to the corresponding statistics.

Top Companies

Trade

United States

Interesting Statista reports

  • Statista Toplist

Contact

Get in touch with us. We are happy to help.
Statista Locations
ContactHadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactKisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)