Iron Ore Mining

Iron ore is the primary raw material for steel production and one of the highest-volume mined commodities globally. The iron ore market is dominated by a handful of major producers in Australia and Brazil, with grade (Fe content) being a key differentiator for pricing. Higher-grade ore commands premium prices as it requires less energy to process. Cost competitiveness is measured through C1 cash costs, and the distinction between wet and dry tonnes is important for accurate comparisons.