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The Iron Ore market is an integral part of the Iron and Steel industry. It is a commodity market, where iron ore is traded in the form of ore, pellets, and concentrates. The market is driven by the demand for steel, which is used in a variety of applications, such as construction, automotive, and consumer goods. The supply of iron ore is largely determined by the availability of iron ore reserves, which are located in various countries around the world. The price of iron ore is determined by the demand and supply dynamics of the market.
The Iron Ore market is highly competitive, with a number of major players operating in the market. These include Vale, Rio Tinto, BHP Billiton, Anglo American, and Fortescue Metals Group. Other companies in the market include Cliffs Natural Resources, ArcelorMittal, and US Steel. Show Less Read more
