CATEGORY
Iron Ore
Beroe LiVE.Ai™
AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Iron Ore.
Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.
Category Alerts
Iron ore sales at India's NMDC at 22-month low in June
July 05, 2022BHP lifts long term steel output forecast on surging demand from renewable power sector
October 04, 2022Ferrexpo production suffers amid Russian missile strikes
October 13, 2022Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Iron Ore
Iron Ore Market Monitoring Dashboard
Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™
Iron Ore Industry Benchmarks
Savings Achieved
(in %)
The average annual savings achieved in Iron Ore category is 6.70%
Payment Terms
(in days)
The industry average payment terms in Iron Ore category for the current quarter is 90.0 days
Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™
Category Strategy and Flexibility
Engagement Model
Supply Assurance
Sourcing Process
Supplier Type
Pricing Model
Contract Length
SLAs/KPIs
Lead Time
Supplier Diversity
Targeted Savings
Risk Mitigation
Financial Risk
Sanctions
AMEs
Geopolitical Risk
Cost Optimization
Price per Unit Competitiveness
Specification Leanness
Minimum Order Quality
Payment Terms
Inventory Control
The World’s first Digital Market Analyst
Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions
Iron Ore Suppliers

Find the right-fit iron ore supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.



Use the Iron Ore market, supplier and price information for category strategy creation and Quaterly Business Reviews (QRBs)
Iron Ore market report transcript
Market Overview
- Global market size – 2,490 MMT (2019)
- Expected to grow moderate growth due to the slowdown in 2020 on account of coronavirus to 2,522 MMT by 2022.
Market Drivers
- Downstream demand
- Steel production output
Porter’s Five Forces Analysis
Supplier Power
- Supplier power is medium to high, as the currently supply disruptions across the globe has strengthened the supplier power
- Increased use of ferrous scrap moving forward for reduction in pollution levels, especially in China will put a damper on the supplier power in the near future
Barriers to new entrants
- Barriers to new entrants in the iron ore market are high. Large investments and capital is required to establish a new mine.
- Furthermore, the iron ore industry is heavily regulated by the government and getting permits to being operations is a daunting task
- Negotiating rail and port access with established miners
Intensity of rivalry
- Intensity of rivalry is medium, due to consolidation in the industry amongst the major players. There is high investment cost for entry, regulations, and high exit barriers.
- The struggle for market share and increased profitability is reflected in price competition where large scale operations benefit
Threat of substitutes
- Threat of substitutes is low, as ability to alter the properties to suit the end-use industry by different process is already prevalent in the market and metals produced through iron ore have the capability of being recycled. Although the usage of aluminum, plastics, composites has been rising continuously in the automobile and consumer durables sectors, it still does not pose any significant threat since using them would require substantial retooling and switching costs.
Buyer power
- Buyer power is medium to high, depending on the end-use industry, as the level of demand varies across the industries
- For instance, the current steel industry downturn and the weak commodity market provide added advantage to the buyers, in terms of price negotiation.