Iron Ore bulk suppliers in 2020

Iron ore bulk (English: Iron ore) is an ore that makes up 5% of the Earth’s crust. By extracting crude iron ore from the earth’s crust and separating impurities, a dark silver-brown iron powder is obtained. This element is easily oxidized and alone is not very strong, and to increase its strength for use in sectors such as construction, its alloy is prepared using many elements. These elements are different and the most common of them are nickel and chromium. Iron Ore bulk suppliers in 2020 will market this product at a reasonable price.

Which is the best iron ore?

Iron ore is the raw material for steel production and 98% of the iron ore mined worldwide is used to produce steel. The automotive and construction industries are the main sectors consuming steel, and as a result, the demand for steel in these sectors affects the demand and price of iron ore.

To produce 1 ton of iron in a blast furnace requires 1.75 tons of iron ore, 750 kg of coal and 250 kg of limestone, which also consumes 4.5 metric tons of air. The air temperature in the center of the furnace reaches 1600 degrees Celsius. There are various methods in the production process.

The main producers of iron ore are Australia, followed by China and Brazil. Other major producers are Russia and the United States. In 2009, Australia’s total iron ore production was 393,900,000 tonnes, followed by China with 340,900,000 tonnes. However, the difference between Australia and China is that Australian production is exported while China consumes all of its production. Because it is the largest producer of steel in the world and has one of the main markets for iron ore consumption.

Imports and Exports: China is the world’s largest steel producer, accounting for 44% of world production and producing and importing to meet its iron ore needs. The importance of Chinese iron ore demand in the market for this raw material is obvious because China, in addition to being the second largest producer of iron ore in the world, is also the first importer of this important raw material. In 2010, China’s total imports were 619 million tons, down 1.5 percent from 2009.

 Of course, it should be borne in mind that in 2009 the import of iron ore grew by 41.5%. China is the world’s largest consumer of iron ore, with a demand of 800 million tons. Australia and Brazil supply large volumes of China’s demand, and India accounts for only 25 percent of China’s imports.

There is no direct alternative to types of iron ores, but its main consumer, steel, has alternatives. Among other things, it is highly competitive with other metals such as aluminum, which is increasingly used in industries such as automobiles.

 Also in the production of containers, plastics and glass are alternatives to steel. On the other hand, metals such as aluminum require a large percentage of electricity to produce, so steel consumption is more common. A limited amount of scrap iron is recovered, but steel recovers more than any other metal. Although scrap is also produced from steel, its total volume is currently insufficient.

Iron Ore bulk prices

uses of iron ore In a blast furnace requires 1.75 tons of iron ore, 750 kg of coal and 250 kg of limestone, which also consumes 4.5 metric tons of air. The air temperature in the center of the furnace reaches 1600 degrees Celsius. There are several methods in the production process, including blast furnaces. Hence Iron Ore bulk prices are very affordable.