According to GlobalData, the US is the world’s ninth-largest producer of iron ore in 2022, with output up by 0.27% on 2021. Over the five years to 2021, production from the US increased by a CAGR of 0.41% and is expected to rise by a CAGR of 2% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Iron Ore Mining to 2026 report. Buy the report here.
The US accounts for 2% of global production, with the largest producers being Australia, Brazil, India and China. Exports of iron ore from the US increased by 0.28% in 2022 over 2021, with the highest share being exported to Canada. The US’s iron ore exports are expected to grow at a CAGR of 2% between 2022 and 2026.
ArcelorMittal is one of the leading producers of iron ore in the US. In 2021, the company’s output was down by 12% over 2020.
For more detailed analysis of global iron ore mining, buy the report here.
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