What is iron ore?

The quality of Australia’s iron ore is considered to be some of the best in the world. What Iron Ore is used for. Iron ore is part of our every day lives and our modern world would look completely different without it. 98% of world iron ore is used to make steel, which accounts for over 90% of all metals used in the world. read more

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". read more

Earth's most important iron ore deposits are found in sedimentary rocks. They formed from chemical reactions that combined iron and oxygen in marine and fresh waters. The two most important minerals in these deposits are iron oxides: hematite (Fe2O3) and magnetite (Fe3O4). read more