|Product Name||Iron Ore|
|Currency||US$ (Data can also be provided in local currency)|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Request for Real Time Iron Ore Prices: https://www.procurementresource.com/resource-center/iron-ore-price-trends/pricerequest
Iron ore is a mineral substance that is composed of iron oxides. The colour of iron ore ranges from dark grey, bright yellow, and deep purple to rusty red and is very rigid in appearance. For the extraction of iron for economic uses, it is a very ideal substance.
During the screening, iron ore is generated, and the crushed iron is subsequently delivered to a stockpile. To ensure uniformity, the mill is continuously fed. Prior to spiral gravity separation, the material is grounded.
Centrifugal force is used to separate the heavier and smaller particles. Depending on the desired characteristics, the process is repeated two to three times with a feed range of 30 percent solid concentration. The iron is then palletized after being separated magnetically.
The top iron-ore-producing countries are Australia, Brazil, South Africa, Canada, and Ukraine.
Key Details About the Iron Ore Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the iron ore price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The iron ore price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Iron Ore Price Trend:
The production of steel industry uses the majority of iron ore. Moreover, it is widely employed as a tracer element in metallurgical and biochemical studies as well as the production of medications.
The remaining iron ore is utilised for powdered iron, which is mostly used for different kinds of magnets, steels, catalysts, and vehicle parts.
Printing ink, cosmetics, paints, plastics, and enamel finishing for automobiles and other appliances all contain iron ore.
The leftover black iron oxide is utilised in metallurgy, ferrites, medicines, magnetic inks, and pigment in the electronics sector for polishing materials.
Key Market Players:
- Samarco Mineracao S.A.
- Rio Tinto plc
- Vale S.A.
- Anglo American plc
- Fortescue Metals Group Ltd.
News and Events:
- September 20, 2022: The Australian-based Fortescue Meta Group spent around USD 6.2 billion to stop using fossil fuels in order to reach the zero terrestrial emissions goal for all of its iron ore operations.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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