Due to rapid global urbanization the world steel consumption nearly doubled over the past decade, from about 800 million tons in 2000 to more than 1,500 million tons in 2014. China is the leader in both steel production (50% of world total) and iron ore mining (47% of global output in terms of tonnage). China is also the biggest iron ore importer and, as of April 2015, consumed more than 80% of the 13-Billion-ton seaborne trade.

The Global Iron Ore Mining industry’s financial performance has been highly volatile in recent years. From 2010 to 2015, the industry weathered sharp spikes and double-digit declines. After two years of strong growth in 2010 and 2011, revenue contracted in 2012 due to the plummeting price of iron ore. In 2015, industry performance has been weak due to falling iron ore prices and stagnating demand from emerging markets. However, industry performance is expected to improve over the five years to 2020, with revenue expected to rise. The gain reflects global economic growth, increased steel output and rising iron ore production and prices. These factors will be supported by recovering demand for steel from emerging economies as well as strengthening developed economies.

Iran Iron Ore Industry

Major iron ore producing companies and complexes in Iran are Chadormalu Company, Golgohar Company, Iran Central Iron Ore, Sangan, Sirjan, Jalalabad, Mishdovan and Iran Central Plateau.

There are three iron ore producers accepted in Tehran stock market, you can see the list of iron ore listed companies in order to their market cap:

Name Market Cap.
Golgohar Mining and Industrial Co. 51%
Chadormalu Mining and Industrial Co. 45%
Saba Nour Industrial 4%

The production and sales has been shown in the tables below (according to iron ore companies financial statements which announced in the last year from March 2014 until March 2015):

Sales(Ton): 2015 2014
Concentrate 9,587,240 9,478,799
Crushed Iron Ore 2,264,826 1,834,861
Pallet 7,802,445 8,377,083
Sum 19,654,511 19,690,743


Production(Ton): 2015 2014
Concentrate 18,994,612 18,517,384
Crushed Iron Ore 1,961,543 2,700,386
Pallet 8,112,182 8,201,387
Sum 29,068,337 29,419,157

Chadermalu, Golgohar and Sangan are considered the largest iron ore mines in Iran and the region. Experts describe Sangan (situated about 300 km southeast of the provincial capital city of Mashhad, Khorasan Razavi Province, and near Afghanistan border) as the Mineral Assalouyeh  of Iran which believed has a very high mineral potential.