Iron ore mining industries include
companies carrying out activities such as developing mine sites, mining and
beneficiating iron ores and manganiferous ores valued chiefly for their iron
content. It includes producing sinter iron ore, except iron ore produced in
iron and steel mills. It also includes producing other iron ore agglomerates.
The global iron ore mining market was
valued at $163 billion in 2017. Among regional markets, Asia Pacific was the
largest geographic region in the market, accounting for almost four-fifth of
the global market share. The market saw a decline due to high operational cost
and stringent regulations regarding ferroalloys, steel and iron manufacturing.
The market in the report is segmented
into: surface mining, underground mining and others.
China was the largest country in the
market, accounting for almost two-fourth of the global iron ore mining market share.
China was followed by Japan and the USA as the next largest countries in the
market.
The top five competitors in the market
are Arcelor Mittal followed by Nippon Steel & Sumitomo Metal Corporation
(NSSMC), POSCO, TATA STEEL and VALE. ArcelorMittal S.A. is a Luxembourg-based
multinational steel manufacturing corporation headquartered in Boulevard
d’Avranches, Luxembourg. It was formed in 2006 from the takeover and merger of
Arcelor by Indian owned Mittal Steel. ArcelorMittal is the world's largest
steel producer and it is ranked 123 in the 2017 Fortune Global 500 ranking of
the world's biggest corporations.
About
The Business Research Company.
The Business Research Company is a
Business Intelligence Company which excels in company, market and consumer
research. It has offices in the UK, the US and India and a network of trained
researchers in 15 countries globally.
Contact
Information.
The Business Research Company
Europe: +44 207
1930 708
Asia: +91
8897263534
Americas: +1 315
623 0293
No comments:
Post a Comment