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Global iron ore market: 2025 outlook
The global iron ore market was worth $279.35 billion in 2023 and is expected to rise to $290.25 billion in 2024, eventually reaching $397.98 billion by 2032. This reflects a steady annual growth rate of 4% over the forecast period. Below, we explore the complexities and challenges defining the iron ore market and the 2025 outlook for this indispensable resource. Iron ore serves as the backbone of modern industrial economies. 98% of the global supply of iron ore is used for steelmaking, which supports a range of critical industries worldwide. • Core industrial sectors: Construction, automotive manufacturing, ... (full story)
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- Jun 16, 2025 1:58pm Posted byFundamental Analysis964
