Deerfield Beach, FL -- (SBWIRE) -- 10/21/2015 -- Synopsis

Timetric's 'Iron Ore Mining in the US to 2020' report comprehensively covers reserves of iron ore in the US, description of deposits by locations, the historic and forecast data on iron ore production and iron ore prices, production by form (fines and lumps), production forecast by selected iron ore mines, iron ore consumption and trade (exports). The report also includes demand drivers affecting the iron ore mining industry, profiles of major iron ore producing companies and information on the active, exploration and development projects.

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Summary

The US had the sixth-largest global reserves of iron ore at 6.9 billion tonnes (Bt) in January 2015, accounting for 3.6% of global total, with the majority of it found in the Mesabi Iron Ore Range in Minnesota and in Arizona and Texas. Majority of the country's iron ore production originated from Minnesota and Michigan which together accounted for around 99% of total iron ore output in the US.

Scope

The report provides information on the US iron ore reserves, a description of the major deposits, historic and forecast iron ore production and production by form together with the demand drivers affecting the industry, trade (export), historic and forecast consumption, major iron ore producing companies, active, exploration and development projects and the fiscal regime governing the US mining industry.

Reasons To Buy

Gain an understanding of the US iron ore mining industry, the relevant demand drivers, reserves, historic and forecast production, production by form, production forecast by selected mines, historic and forecast consumption, trade, active, exploration and development projects, the major iron ore producing companies and the country's fiscal regime.

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Key Highlights

- The US had the sixth-largest global reserves of iron ore at 6.9 billion tonnes (Bt) as of January 2015, accounting for 3.6% of global total, with the majority of it found in the Mesabi Iron Ore Range in Minnesota and in Arizona and Texas.

- The US was the third-largest crude steel producer in the world at 88.3Mt in 2014. Increasing demand from the construction and automotive sectors were a major attributing factor for increase in steel production in 2014.

- The construction industry is the major demand driver for steel, accounting for 40% of total steel consumption in 2014. Automobile production is the second-largest steel consuming sector in the US after the construction industry, accounting for 26% of total steel consumption in 2014.

Companies Mentioned

Cliff Natural Resources Inc.
United States Steel Corporation
ArcelorMittal USA LLC

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