Overview of the Market for Iron Ore and Concentrate in the USA
In value terms, iron ore and concentrate production declined remarkably to $ in . In general, production recorded a noticeable decline. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2012; however, from 2013 to , production failed to regain the momentum.
The value of the iron ore and concentrate market in the U.S. fell sharply to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible decrease. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Iron ore and concentrate consumption peaked at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.