List Of Top 10 Iron Ore-Producing Countries In 2024
Over the past few years, as the world has coped with the economic uncertainties surrounding COVID-19 lockdowns, the Russia-Ukraine war, and rising levels of inflation, iron ore prices have shown instability. The basic metals price dropped quickly to a low of US$84.50 in November 2021 after hitting a record high of almost US$220 per metric ton in May of the same year. Experts say the time concluded that the sharp decline in prices in late. The following table lists the top 10 iron-producing countries of 2024 along with their contributions to global iron ore production:
Rank | Country | Production (Million Tonnes, 2022) | Iron Content (Million Tonnes) | Major Companies | Export Status |
---|---|---|---|---|---|
1 | Australia | 880 | 540 | BHP, Rio Tinto, Fortescue Metals Group | Largest exporter |
2 | Brazil | 310 | 170 | Vale S.A., CSN Mineração, Anglo American | Significant exporter |
3 | China | 810 | 440 | China Baowu Steel Group, Angang Group, Shougang Group | Net importer |
4 | India | 250 | 140 | SAIL, NMDC, RINL | Major exporter |
5 | Russia | 100 | 55 | Severstal, NLMK, EVRAZ | Major exporter |
6 | South Africa | 75 | 40 | Kumba Iron Ore, Exxaro Resources, Assmang | Major exporter |
7 | Ukraine | 70 | 38 | Metinvest, Ferrexpo, ArcelorMittal Kryvyi Rih | Major exporter |
8 | United States | 65 | 35 | Cleveland-Cliffs, U.S. Steel, Vale North America | Major exporter |
9 | Canada | 60 | 33 | Rio Tinto, Vale Canada, Teck Resources | Major exporter |
10 | Iran | 55 | 30 | Ferrexportan, Chadormalu Mining & Industrial Company, Gol-e-Gohar | Major exporter |
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List of Top 10 Iron Ore-Producing Countries in the World
List of Top 10 Iron Ore-Producing Countries in the World: The Top 10 Iron Ore-Producing Countries in the World are Australia, Brazil, China, India, Russia, Ukraine, South Africa, Iran, Kazakhstan, and Canada. The largest iron ore-producing country is Australia, which produced 880 million Metric Tonnes (MT) of useable iron ore in 2022, followed by Brazil and China as the second and third-highest iron ore-producing countries with 410 million MT and 380 million MT of useable iron ore.
In this article, we will look into the list of the top 10 iron-producing countries of the world along with their contribution to the global iron-ore output.
Table of Content
- Top 10 Iron Ore Producing Countries In 2024
- List Of Top 10 Iron Ore-Producing Countries In 2024
- Australia – Top 10 Iron Ore-Producing Country In the World
- Brazil – Top 10 Iron Ore-Producing Country In the World
- China – Top 10 Iron Ore-Producing Country In The World
- India – Top 10 Iron Ore-Producing Country In The World
- Russia – Top 10 Iron Ore-Producing Country In The World
- Ukraine – Top 10 Iron Ore-Producing Country In The World
- South Africa – Top 10 Iron Ore-Producing Country In The World
- Iran – Top 10 Iron Ore-Producing Country In The World
- Kazakhstan – Top 10 Iron Ore-Producing Country In The World
- Canada – Top 10 Iron Ore-Producing Country In The World