Iron Ore Production Update: North American Iron Ore Report
A recent report added to the “Energy and Resources Market Reports” collection of MarketResearch.com confirms what industry insiders have felt for quite some time: increasing regional demand for steel in North America is boosting iron ore production in the region.
The report – titled “Iron Ore Mining Market in North America to 2020 - Demand for Steel in the US to Boost Regional Iron Ore Production” – was conducted by mining analysts GBI Research and concludes that increasing demand is likely to usher an evolution in the US iron industry.
It is important to note that despite the continent’s vast array of natural resources, North America has historically been a modest iron ore producing and consuming region. During 2012-2020, the rising global demand for steel is expected to catalyze an unprecedented growth in iron ore production. This demand is primarily due to stem from the US, but will be coupled with demand from other steel-producing countries such as China, Germany and France.
This report was first featured in Skillings Mining Review.
You can subscribe to the magazine by following this link - http://www.skillings.net/store/subscribe.php