Industry Overview: Iron ore is a substance that is rich in iron and oxide, and that is found in rocks and minerals in one of the following forms: magnetite, hematite, goethite, limonite, or siderite. Iron ore is part of our everyday lives and our modern world would look completely different without it. 98% of world iron ore is used to make steel, which accounts for over 90% of all metals used in the world. Steel is used in building for so many things, from cars, trains and ships through to the high rise buildings in our cities and the bridges that connect us.
There are More than 50 countries around the world produce iron ore for both domestic use and export market. Iran is 8th largest iron ore manufacturer in the world and 3rd one in Asia after China and India.