Iron Ore

Iron ore is a naturally occurring mineral from which iron (Fe) is extracted. It is one of the most abundant rock formations on Earth and serves as the primary raw material for producing steel. The most common types of iron ore are hematite (Fe2O3) and magnetite (Fe3O4), both rich in iron content. Iron ore is mined through various methods, including open-pit mining and underground mining, and is processed to remove impurities before being used in blast furnaces to produce steel. The global iron ore market is driven by demand from the steel manufacturing industry, making it a critical component in construction, infrastructure, and various industrial applications.