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Iron ore pellets are a type of agglomerated iron ore fines which have been heated to about 1200°C and rolled into balls. The pellets are used as raw material for iron and steel production. The pellets are mainly used in blast furnaces and direct reduction processes. The pellets are formed by combining iron ore fines, fluxes, and other additives in a rotary drum and then rolling the mixture into pellets of a specific size. The pellets are then hardened by firing them in a furnace.
The iron ore pellets market is driven by the increasing demand for steel from the construction and automotive industries. The increasing demand for steel is expected to drive the demand for iron ore pellets. The increasing use of pellets in the production of steel is also expected to drive the market.
Some of the major companies in the iron ore pellets market are Vale, Rio Tinto, BHP Billiton, Anglo American, and ArcelorMittal. Show Less Read more
