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Iron ore is a mineral substance which, when heated in the presence of a reductant, will yield metallic iron (Fe). It almost always consists of iron oxides, the primary forms of which are magnetite (Fe 3 O 4) and hematite (Fe 2 O 3). Iron ore is the source of primary iron for the world's iron and steel industries.

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Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".

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US Iron is a world class counterparty to the global steel industry, conducting its own mining, processing, shipping, marketing and sales of high quality iron oxide ore. US Iron LLC is a privately-owned, US-focused iron oxide ore mining and reclamation company.

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As a result, a number of high-cost iron ore mines have been closed and suspended throughout the world in 2014, with up to 30% of low-grade iron mines shut down in China in 2014 alone.

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Iron Ore Mine for sale located South-West (WS), Chile. The main body, according to the magnetic intensity readings, should be found in a range of 50 meters of depth with an inferred Magnetite iron Ore of 160 million tones.

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Oct 22, 2018· Iron mining in the United States. Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper.