Iron Ore

Iron ore is an ore enriched by Hematite and Magnetite and acts as a base material for the steel production chain. Iron is one of the fifth abundance material found on earth.

To be transformed into steel, First Its iron needs to extracted and through an extensive process it gets mixed with other materials to form the an alloy called Steel.

Top mining companies that extract iron ore in Iran are :

  1. Gol Gohar
  2. Chadormalu
  3. Iran Central Iron Ore (ICIOC)

The top Iron ore Miners in the world are Australia ( which is the biggest ), China and Brazil. These three alone account for the most of the Iron ores Mined and any change in the productions and ore prices will affect the whole steel production in the world.