According to GlobalData, the US is the world’s ninth-largest producer of iron ore in 2023, with output up by 4% on 2022. Over the five years to 2022, production from the US decreased by a CAGR of 5.54% and is expected to rise by a CAGR of 0.24% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global iron ore mining to 2030 report. Buy the report here.
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The US accounts for 2% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from the US declined by 14.98% in 2023 over 2022, with the highest share being exported to Canada. The US’s iron ore exports are expected to grow at a CAGR of 0.23% between 2023 and 2027.
ArcelorMittal is one of the leading producers of iron ore in the US. In 2021, the company’s output was down by 44% over 2020.
For more detailed analysis of global iron ore mining, buy the report here.
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