Updated By: LatestGKGS Desk
Iron ores are rocks and minerals that can be commercially mined for metallic iron. Iron oxides are abundant in the ores, which range in colour from dark grey to bright yellow to deep purple to rusty red. Magnetite, hematite, goethite, limonite, and siderite are the most common iron minerals.
Iron ore is the principal source of iron for the iron and steel industries around the world. It is thus necessary for the manufacturing of steel, which is necessary for the maintenance of a strong industrial basis. Almost all iron ore (98 percent) is utilised to make steel. There are over 50 countries that mine iron ore. The top seven generating countries account for around three-quarters of total global output. Iron ore exports are dominated by Australia and Brazil, with each country accounting for over one-third of total exports.
Steel is the most common usage of iron ore (98 percent). The remaining 2% is utilised for a variety of other purposes, including:
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