Iron ore

Iron ore, mainly hematite and magnetite, is the key raw material for steelmaking, with 98% of mined ore used to produce steel.

Iron Ore:

  • Composition: Iron ore consists mainly of iron oxides. The most common ores are:

    • Hematite (Fe₂O₃) – high iron content (~69%)

    • Magnetite (Fe₃O₄) – high iron content (~72%)

    • Goethite (FeO(OH))

    • Limonite (FeO(OH)·nH₂O)

    • Siderite (FeCO₃)

  • Iron Content: The grade of ore depends on the iron percentage. Higher-grade ores are more desirable for steelmaking.

  • Uses:

    • Steel Production: About 98% of mined iron ore is used in steelmaking.

    • Pig Iron Production: Smelted in blast furnaces or used in Direct Reduced Iron (DRI).

    • Other Uses: Small amounts are used in pigments, heavy media separation, and as ballast.

  • Processing:

    • Mined ore is crushed, screened, and beneficiated (to improve Fe content).

    • Processed into lumps, fines, or pellets.

    • Then fed into blast furnaces or direct reduction plants.

  • Global Producers:

    • Australia and Brazil are the largest exporters.

    • China is the largest consumer (world’s biggest steel producer).

    • India also has significant reserves and is a key producer.

  • Specifications (for steelmaking):

    • Fe content: Usually >62% for export quality.

    • Low impurities: Especially low in silica (SiO₂), alumina (Al₂O₃), sulfur (S), and phosphorus (P).