Iron Market – Industry Data, Trends, Stats Research Report by TBRC

Press Release

The Business Research Company’s Iron Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.

Iron Ore Mining industries include companies carrying out activities such as developing mine sites, mining and beneficiating iron ores and manganiferous ores valued chiefly for their iron content. It includes producing sinter iron ore, except iron ore produced in iron and steel mills. It also includes producing other iron ore agglomerates.

The companies covered are Arcelor Mittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, TATA STEEL, and VALE.

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The use of autonomous hauling systems (AHS) trucks in the iron ore mining industry is significantly enhancing production efficiency and reducing turnaround time. AHS control and track mining vehicle movements, coordinates and autonomously drives off-highway haul trucks operating in a mine. Rio Tinto has already implemented AHS for its Pilbara iron ore operation in Australia. In a similar move, BHP Billiton announced to deploy AHS trucks at its new Jimblebar iron ore mine in the Pilbara region.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

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Mining companies are benefitted from the continuing recovery in commodity prices, fueled by general economic growth. They are also expected to continue to reap the benefits of the upswing in the mining cycle while focusing on maintaining a safe working environment for all their employees. The industry is continuing to consider how technology and automation can reduce human involvement in high safety risk tasks such as drilling and blasting, hazard identification and operator fatigue.

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