QYR Market Research Global Iron Ore market research | Page 3

QYResearch
• Iron ores are rocks and minerals from which metallic iron can be
economically extracted. The ores are usually rich in iron oxides
and vary in color from dark grey, bright yellow, or deep purple
to rusty red. Ores containing very high quantities of hematite or
magnetite (greater than about 60% iron) are known as "natural
ore" or "direct shipping ore", meaning they can be fed directly
into iron-making blast furnaces. 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.
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