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.

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Category Alerts


CATEGORY ALERTS

Iron ore sales at India's NMDC at 22-month low in June

July 05, 2022
alert level: High
CATEGORY ALERTS

BHP lifts long term steel output forecast on surging demand from renewable power sector

October 04, 2022
alert level: High
CATEGORY ALERTS

Ferrexpo production suffers amid Russian missile strikes

October 13, 2022
alert level: High

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Iron Ore Market Monitoring Dashboard


Price Trend
121.00
Jan-2023
USD/MT
History Forecast
Supply Demand

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

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    Iron Ore Suppliers


    44,247
    Total Suppliers
    1,109
    Diverse Suppliers
    84
    Normalized Supplier Rating
    Iron Ore Supplier

    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™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    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.