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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 ...
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.
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]
In this piece, we will take a look at the 12 biggest iron ore producers and mines in the world. For more companies and mines, head on over to 5 Biggest Iron Ore Producers and Mines in the World.
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. [3]
Iron overload, which may occur from high consumption of red meat, [10] ... El Mutún in Bolivia, where 10% of the world's accessible iron ore is located.
As of 2023, India is the world's 4th largest exporter of iron ore. [67] The country also accounts for 9.2% of the world's iron ore production as of 2023. [67] In 2021, the value of India's iron ore exports were $4.2 billion. [68] As of 2019, India has the world's 7th largest iron ore reserves, with reserves of 5.5 billion tonnes. [69]
Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat. Products with more evenly distributed production see more frequent changes in the ranking of the top producers.