After writing about pig iron, and steel industry, we are going to present you with the compilation of the 10 largest iron ore producing countries in the world. Insider Monkey has recenetly published an arresting article about it. Iron ore is the most important amterial that steel industry depend on, and it’s worth hundreds of billions of dollars.
Steel is among the most essential materials we use in our everyday life, as it’s used in cars, watches, surgical instruments, washing machines – really everything. Let’s make it clear what iron ore is. Iron ore is a rock or mineral, in which iron is present, and it can be extracted from there. They also include a large concentration of iron oxides. Iron oxides can be found in several colors, as well.
In the United States there are several companies that have a significant interest in the iron ore industry, such as United States Steel Corporation (NYSE:X), Cleveland-Cliffs Inc (NYSE:CLF) and ArcelorMittal SA.
And now without a further ado, let’s check out the 10 largest iron ore producing countries in the world.
10. Kazakhstan
Production of iron ore in 2018 (in thousand metric tons): 41,900
Production of iron ore in 2019 (in thousand metric tons): 43,000
9. United States of America
Production of iron ore in 2018 (in thousand metric tons): 49,500
Production of iron ore in 2019 (in thousand metric tons): 48,000
8. Canada
Production of iron ore in 2018 (in thousand metric tons): 52,400
Production of iron ore in 2019 (in thousand metric tons): 54,000
7. Ukraine
Production of iron ore in 2018 (in thousand metric tons): 60,300
Production of iron ore in 2019 (in thousand metric tons): 62,000
6. South Africa
Production of iron ore in 2018 (in thousand metric tons): 74,300
Production of iron ore in 2019 (in thousand metric tons): 77,000
5. Russia
Production of iron ore in 2018 (in thousand metric tons): 96,100
Production of iron ore in 2019 (in thousand metric tons): 99,000
4. India
Production of iron ore in 2018 (in thousand metric tons): 205,000
Production of iron ore in 2019 (in thousand metric tons): 210,000
3. China
Production of iron ore in 2018 (in thousand metric tons): 335,000
Production of iron ore in 2019 (in thousand metric tons): 350,000
2. Brazil
Production of iron ore in 2018 (in thousand metric tons): 460,000
Production of iron ore in 2019 (in thousand metric tons): 480,000
1. Australia
Production of iron ore in 2018 (in thousand metric tons): 900,000
Production of iron ore in 2019 (in thousand metric tons): 930,000
Australia is the winner on the list of the 10 largest iron ore producing countries in the world, since this country has far the most iron reserves in the world.
