How much is iron ore?

The typical magnetite iron-ore concentrate has less than 0.1% phosphorus, 3–7% silica and less than 3% aluminium. Currently magnetite iron ore is mined in Minnesota and Michigan in the U.S., Eastern Canada and Northern Sweden. read more

Steel is around 95% iron. The amount of iron ore it takes to produce 1 ton of steel is dependent on the iron content of your iron ore. The most heavily referenced iron ore indices (TSI, Platts) take to a 62/63% iron ore standard. You do the math. read more

Iron ore is the source of primary iron for the world's iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base. Almost all (98%) iron ore is used in steelmaking. read more