Iron ores - geographical and economic aspects

The previous article [M 7 040] set out the basic definitions of iron ores and other raw materials required by the steel industry. This was particularly true of the geological and geochemical data needed to classify iron ores.

This article focuses on the geographical and economic aspects of the current rapid development of iron ore production, processing and trading worldwide. This has consequences for costs and prices, which have been undergoing increasingly rapid change in recent years, as already mentioned in the article [M 7 030] .