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Rank Country Usable iron ore production (× 1000 tonnes) Year World 2,500,000: 2022 1: Australia: 880,000: 2023 2: China: 659,000: 2023 3: Brazil: 422,000: 2023 4 ...
The following is a list of countries by iron ore exports. Data is for 2012, 2016 & 2023, in millions of United States dollars, as reported by The Observatory of Economic Complexity and the International Trade Centre. Currently the top twenty countries (as of 2023) are listed. * indicates "Natural resources of COUNTRY or TERRITORY" links.
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
Japan relied on oil imports to meet about 84 percent of its energy needs in 2010. [14] Japan was the first coal importer in 2010, with 187 Mt (20% of total world coal import), and the first natural gas importer with 99 bcm (12.1% of world total gas import). [15] The seabed of Japan has major mineral resources. [4]
The bulk of Western Australian ore went to China, which imported 82% of 2021 production, followed by Japan and South Korea, with 6% each. [4] The state has the world's largest reserves of iron ore with 29% of the world's iron ore, followed by Brazil with 19%, Russia with 15% and China with 12%. [2] [5] [3]
World consumption of iron ore grows 10% per year [citation needed] on average with the main consumers being China, Japan, Korea, the United States, and the European Union. China is currently the largest consumer of iron ore, which translates to be the world's largest steel producing country.
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According to the 2019 International Energy Agency (IEA) report, the iron and steel industry directly contributed 2.6 Gt to global CO 2 emissions and accounted for 7% of global energy demand. [1] Singapore is the world's main trading hub for iron, [ 2 ] with about 90% of the world's iron ore derivatives traded on their stock exchange.