Iron Ore Market by Product, Source and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 166 SKU: IRTNTR72681

Iron Ore Market Size 2023-2027

The Global Iron Ore Market size is estimated to increase by USD 51 billion, growing at a CAGR of 2.93% between 2023 and 2027. Challenges in the market encompass significant capital investment requirements, a shifting preference towards carbon fiber in automotive applications, and fluctuations in iron ore prices. Conversely, the market experiences accelerated growth driven by several factors, including increased consumption of high-strength iron ore and steel, industrialization trends in developing nations, and rising demand from the construction sector. These dynamics collectively contribute to the market's expansion, with high-strength iron ore and steel witnessing heightened consumption due to their superior properties. Additionally, the growing construction industry and industrialization efforts in emerging economies further fuel demand for these materials. Despite challenges such as capital investment and price volatility, the market continues to thrive, propelled by robust demand from various sectors and ongoing infrastructure development initiatives.

What will be the  Iron Ore Market Size During the Forecast Period?

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Market Definition 

Iron ores are rocks and ores from which metallic iron can be economically extracted. The minerals are usually rich in iron oxides and range in color from dark grey, light yellow, or deep purple to rusty red.

Market Dynamics and Customer Landscape

Steel, derived from iron minerals like hematite, magnetite, and goethite found in sedimentary rocks, plays a crucial role in various industries. It is a cornerstone material in residential construction and commercial construction, used in frames, panels, doors, and structural components. Additionally, steel is essential in manufacturing engine blocks, gears, and suspensions for cars. Its versatility and strength make it indispensable in appliances and a wide array of industrial applications. Steel, primarily produced through hot-rolled steel processes, is a vital component in building infrastructure and driving economic growth.

As a nonrenewable resource, the responsible use and recycling of steel are imperative for sustainable development. With its abundance and durability, steel remains a foundational material shaping the modern world. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. Rock and metal ores like iron, tungsten, manganese, nickel, vanadium, and chromium are vital elements in various industries. From construction to electronics, these materials form the backbone of modern infrastructure. Understanding their extraction, processing, and utilization is crucial for sustainable development and technological advancement. 

Key Market Driver

The global market is experiencing significant growth driven by the rising consumption of high-strength iron ore and steel. High-strength steel is increasingly utilized for its remarkable strength and toughness at various temperatures, making it ideal for a range of applications. High-strength stainless steel, in particular, is witnessing growing demand across architectural, industrial, and consumer sectors due to its affordability and superior strength-to-weight ratio. Strategic positioning and expanded product portfolios are poised to further boost sales of high-strength iron ore in the forecast period.

In the automotive industry, high-strength steel plays a crucial role in manufacturing passenger compartments and crumple zones, enhancing vehicle safety. This steel is utilized in structural components such as cross members and beams, meeting performance demands while supporting the development of environmentally friendly vehicles. As construction and automotive industries increasingly prioritize steel and iron for their applications, the global iron ore market is expected to witness sustained growth in the coming years.

Significant Market Trends

The economic growth in China and India boosting the demand for stainless steel which is a major trend shaping the market growth. Steel is a pivotal innovation in the modern world, crucial for industrial nations. China and India rank as prominent global crude steel producers, with India projected to become the second-largest. China's market thrives due to its rapid economic and infrastructural transformation, bolstering construction and manufacturing. India, too, is a major player in the market, fueled by industrialization and thriving automotive and construction sectors.

Abundant raw materials and skilled, cost-effective labor further propel India's market. The soaring industrialization and infrastructure development in both countries drives the demand for products, as well as their high-growth economies and expanding industrial sectors.

Major Market Challenge

Growing preference for carbon fiber in automotive applications is a major challenge hindering market growth. Increasing fuel prices have spurred demand for fuel-efficient vehicles, driving the automotive industry to utilize steel for its mechanical strength and corrosion resistance. However, steel's weight and cost present challenges, reducing vehicle fuel efficiency. To address this, automotive manufacturers are seeking solutions to reduce weight and enhance fuel efficiency.

Carbon fiber composites have emerged as a popular choice, cutting automobile weight by 40%-50% and boosting fuel efficiency by 30%-35%. Demand for carbon fiber composites is rising, particularly in premium car segments, where they're used not only for aesthetics but also in structural components. This trend poses a potential challenge for steel, impacting the market as automotive regulations emphasize fuel efficiency and emissions reduction.

Market Segmentation by Product, Source, Geography

This market report extensively covers market segmentation by product (fines, pellets, lump, and HBI/DRI), source (surface mining and underground mining), and geography (APAC, Europe, South America, North America, and Middle East and Africa).

Market Product Analysis

The fines segment is estimated to witness significant growth during the forecast period. Iron ore fines are iron ore in its crushed form, which upon further processing changes into sinter products. Fine iron ore upon being fed into a blast furnace smothers the airflow and if mixed with a binder (clay) and sometimes flux (limestone) will produce sinter. Moreover, there is the choice to blend iron ore products so as to achieve the required concentration of iron ore and contaminant materials entering the blast furnace. 

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The fines segment was the largest segment and was valued at USD 158.76 billion in 2017. Iron ores are primarily used for the sintering process, where they are mixed with other materials such as coke breeze, limestone, and recycled sinter particles. This process helps improve the permeability of the iron burden in blast furnaces, which allows for more efficient iron production. Moreover, they are also exported and traded globally for further processing or to be used as raw material for steel production. Such factors will boost segment growth during the forecast period. 

Market Source Analysis 

Based on the source, the market is categorized into surface mining and underground mining. The surface mining segment holds the largest market share. Surface mining, also known as open-pit mining, is a widely used method for extracting iron ore deposits located near the earth's surface. To identify potential deposits, thorough exploration, including geological surveys, drilling, and sampling, is conducted. At the processing plant, the iron ore is crushed and screened into various size fractions to meet required specifications. Surface mining proves efficient and cost-effective when ore deposits are shallow and nearby. It utilizes larger and more efficient equipment, leading to higher productivity and lower operating costs per ton of ore extracted. The method is considered safer for miners, with reduced risks of underground hazards. Consequently, the surface mining segment is expected to drive market growth during the forecast period.

Market Region Analysis

APAC is estimated to contribute 84% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region is witnessing a rising demand, driven by the increasing need for steel due to rapid industrialization and infrastructure projects. Indonesia, South Korea, and India are witnessing substantial industrial, commercial, and residential developments, contributing to the growth of steel demand. Government initiatives to boost steel production in various countries further fuel this demand, thus driving the iron ore market in APAC during the forecast period. India's significant investment in steel plants has made it the second-largest crude steel manufacturing country globally, and predictions indicate continued growth in steel production. Additionally, iron ore production and exports in India have surged, leading to a promising outlook for iron ore demand in the region.

Key Iron Ore Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Riotinto- The company offers iron ore in the form of fines and lump.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA, Atlas Iron Pty Ltd., BCI Minerals Ltd., BHP Group plc, China Hanking Holdings Ltd., Cleveland Cliffs Inc., Eurasian Resources Group Sarl, Ferrexpo Plc, Fortescue Metals Group Ltd., GFG Alliance, KIOCL Ltd., Luossavaara Kiirunavaara AB, Metinvest BV, Mideast Integrated Steel Ltd., Mount Gibson Iron Ltd., NMDC Ltd., Rio Tinto Ltd., and Vale SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook 
    • Fines
    • Pellets
    • Lump
    • HBI/DRI
  • Source Outlook 
    • Surface mining
    • Underground mining
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Market Analyst Overview

The market is vital to various industries, with iron minerals like hematite, magnetite, and goethite being key components. Mined from Earth's crust, iron ore is used in appliances, car bodies, and buildings. Transportation industries rely on iron ore for fuel-efficient and environmentally friendly vehicles. Iron ore producers cater to diverse industrial applications, from car manufacturing to building construction, supplying structural steel for low and high-rise buildings, bridges, and harbors. Advanced high-strength steel supports weight reduction in electric and hybrid cars, reducing CO2 emissions. Iron oxide-based paints find application in ships, boats, and yachts, ensuring durability. Despite environmental concerns from mining activities, including waste materials and acid mine drainage, the Iron Ore Market remains essential for global manufacturing and energy production, powering industries and infrastructure worldwide.

Iron Ore Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.93%

Market growth 2023-2027

USD 51 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

2.73

Regional analysis

APAC, Europe, South America, North America, and Middle East and Africa

Performing market contribution

APAC at 84%

Key countries

China, Japan, India, Russia, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA, Atlas Iron Pty Ltd., BCI Minerals Ltd., BHP Group plc, China Hanking Holdings Ltd., Cleveland Cliffs Inc., Eurasian Resources Group Sarl, Ferrexpo Plc, Fortescue Metals Group Ltd., GFG Alliance, KIOCL Ltd., Luossavaara Kiirunavaara AB, Metinvest BV, Mideast Integrated Steel Ltd., Mount Gibson Iron Ltd., NMDC Ltd., Rio Tinto Ltd., and Vale SA

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global iron ore market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global iron ore market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Source Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Source Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Fines - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Fines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Fines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Fines - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Fines - Year-over-year growth 2022-2027 (%)
    • 6.4 Pellets - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Pellets - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Pellets - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Pellets - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Pellets - Year-over-year growth 2022-2027 (%)
    • 6.5 Lump - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Lump - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Lump - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Lump - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Lump - Year-over-year growth 2022-2027 (%)
    • 6.6 HBI/DRI - Market size and forecast 2022-2027
      • Exhibit 46: Chart on HBI/DRI - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on HBI/DRI - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on HBI/DRI - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on HBI/DRI - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Source

    • 7.1 Market segments
      • Exhibit 52: Chart on Source - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Source - Market share 2022-2027 (%)
    • 7.2 Comparison by Source
      • Exhibit 54: Chart on Comparison by Source
      • Exhibit 55: Data Table on Comparison by Source
    • 7.3 Surface mining - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Surface mining - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Surface mining - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Surface mining - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Surface mining - Year-over-year growth 2022-2027 (%)
    • 7.4 Underground mining - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Underground mining - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Underground mining - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Underground mining - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Underground mining - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Source
      • Exhibit 64: Market opportunity by Source ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Source ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.6 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Russia - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.12 Brazil - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Brazil - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Brazil - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Brazil - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Anglo American plc
              • Exhibit 119: Anglo American plc - Overview
              • Exhibit 120: Anglo American plc - Business segments
              • Exhibit 121: Anglo American plc - Key news
              • Exhibit 122: Anglo American plc - Key offerings
              • Exhibit 123: Anglo American plc - Segment focus
            • 12.4 Ansteel Group Corp. Ltd.
              • Exhibit 124: Ansteel Group Corp. Ltd. - Overview
              • Exhibit 125: Ansteel Group Corp. Ltd. - Product / Service
              • Exhibit 126: Ansteel Group Corp. Ltd. - Key offerings
            • 12.5 ArcelorMittal SA
              • Exhibit 127: ArcelorMittal SA - Overview
              • Exhibit 128: ArcelorMittal SA - Business segments
              • Exhibit 129: ArcelorMittal SA - Key offerings
              • Exhibit 130: ArcelorMittal SA - Segment focus
            • 12.6 Atlas Iron Pty Ltd.
              • Exhibit 131: Atlas Iron Pty Ltd. - Overview
              • Exhibit 132: Atlas Iron Pty Ltd. - Product / Service
              • Exhibit 133: Atlas Iron Pty Ltd. - Key offerings
            • 12.7 BHP Group plc
              • Exhibit 134: BHP Group plc - Overview
              • Exhibit 135: BHP Group plc - Business segments
              • Exhibit 136: BHP Group plc - Key offerings
              • Exhibit 137: BHP Group plc - Segment focus
            • 12.8 Cleveland Cliffs Inc.
              • Exhibit 138: Cleveland Cliffs Inc. - Overview
              • Exhibit 139: Cleveland Cliffs Inc. - Product / Service
              • Exhibit 140: Cleveland Cliffs Inc. - Key offerings
            • 12.9 Ferrexpo Plc
              • Exhibit 141: Ferrexpo Plc - Overview
              • Exhibit 142: Ferrexpo Plc - Product / Service
              • Exhibit 143: Ferrexpo Plc - Key offerings
            • 12.10 Fortescue Metals Group Ltd.
              • Exhibit 144: Fortescue Metals Group Ltd. - Overview
              • Exhibit 145: Fortescue Metals Group Ltd. - Product / Service
              • Exhibit 146: Fortescue Metals Group Ltd. - Key offerings
            • 12.11 GFG Alliance
              • Exhibit 147: GFG Alliance - Overview
              • Exhibit 148: GFG Alliance - Product / Service
              • Exhibit 149: GFG Alliance - Key offerings
            • 12.12 KIOCL Ltd.
              • Exhibit 150: KIOCL Ltd. - Overview
              • Exhibit 151: KIOCL Ltd. - Product / Service
              • Exhibit 152: KIOCL Ltd. - Key offerings
            • 12.13 Luossavaara Kiirunavaara AB
              • Exhibit 153: Luossavaara Kiirunavaara AB - Overview
              • Exhibit 154: Luossavaara Kiirunavaara AB - Product / Service
              • Exhibit 155: Luossavaara Kiirunavaara AB - Key offerings
            • 12.14 Metinvest BV
              • Exhibit 156: Metinvest BV - Overview
              • Exhibit 157: Metinvest BV - Business segments
              • Exhibit 158: Metinvest BV - Key offerings
              • Exhibit 159: Metinvest BV - Segment focus
            • 12.15 NMDC Ltd.
              • Exhibit 160: NMDC Ltd. - Overview
              • Exhibit 161: NMDC Ltd. - Product / Service
              • Exhibit 162: NMDC Ltd. - Key offerings
            • 12.16 Rio Tinto Ltd.
              • Exhibit 163: Rio Tinto Ltd. - Overview
              • Exhibit 164: Rio Tinto Ltd. - Business segments
              • Exhibit 165: Rio Tinto Ltd. - Key news
              • Exhibit 166: Rio Tinto Ltd. - Key offerings
              • Exhibit 167: Rio Tinto Ltd. - Segment focus
            • 12.17 Vale SA
              • Exhibit 168: Vale SA - Overview
              • Exhibit 169: Vale SA - Product / Service
              • Exhibit 170: Vale SA - Key news
              • Exhibit 171: Vale SA - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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