Commodity

Iron

Iron is a valuable commodity that has been used for thousands of years due to its strength, durability, and versatility. Its origin can be traced back to the early beginnings of human civilization, where it was first discovered and extracted from iron ores, typically found in the earth's crust. The primary uses of iron are vast and varied, encompassing areas such as construction, infrastructure, manufacturing, and en...

Iron
Produced Pig Iron Production Produced Pig Iron

Iron ore is a vital mineral commodity primarily used for steel production in various industries such as construction, automotive, and energy.

Steel Powder Trade Steel Powder

Iron is a naturally occurring element that serves as a primary commodity in the global market, commonly traded in various forms such as iron ore, pig iron, scrap iron, and alloy steel powders used to manufacture steel wi...

Iron Alloys Trade Iron Alloys

Iron is a crucial trade commodity used primarily for producing steel and other metal alloys through smelting iron ore with coke and limestone in a blast furnace or electric arc furnace to create various grades of iron, s...

Reduced Iron Trade Reduced Iron

Iron is a crucial trade commodity used primarily to produce steel through direct reduction of iron ore using methods such as the Midrex process.

Scrap Steel Ingot Trade Scrap Steel Ingot

Remelting scrap ingots are high-quality iron products produced by recycling scrap metal from various industries through a remelting process to create consistent and durable material used in industrial applications.

Iron Ore Trade Iron Ore

Iron with a minimum purity of 99.94% is a highly refined trade commodity primarily produced from smelted iron ore used to manufacture steel and other metal alloys.

Iron Scrap Trade Iron Scrap

Iron is a crucial trade commodity derived from iron ore and recycled materials, used in various industrial products due to its durability, malleability, and abundance.

Non-Stainless Steel Scrap Trade Non-Stainless Steel Scrap

Iron in the form of ferrous waste and scrap, excluding stainless steel alloy, is a recycled metal commodity used as an input for manufacturing new steel and iron products through remelting processes.

Cast Iron Scrap Trade Cast Iron Scrap

Cast iron scrap is raw material used in iron and steel manufacturing, sourced from various industries and products that are melted and processed into new iron, steel, and alloys.

Stainless Steel Scrap Trade Stainless Steel Scrap

Ferrous waste and scrap from stainless steel products is recycled material that contains iron, carbon, and at least 10.5% chromium, primarily obtained from developed countries and used to manufacture new stainless steel...

Tinned Iron Scrap Trade Tinned Iron Scrap

Ferrous waste and scrap is a recyclable material consisting of iron and steel residues generated from industrial processes that is melted down to produce new steel products.

Iron Waste Trade Iron Waste

Iron, primarily derived from waste and scrap materials generated during industrial processes such as metal fabrication and automobile production, is a crucial input material in the global steel industry.

Iron Ingots Trade Iron Ingots

Iron or non-alloy steel ingots are crucial raw materials produced from iron ore through a blast furnace process, widely used in various industries including construction, manufacturing, automotive, and engineering for pr...

Iron/Steel Products Trade Iron/Steel Products

Pig iron or steel billets are primary forms of iron or non-alloy steel used in construction, manufacturing, and engineering, derived from iron ore through refining processes such as calcining, sintering, and smelting.

Pig Iron Trade Pig Iron

Iron is a vital trade commodity and crucial component in the production of steel, primarily used in construction, automobile manufacturing, infrastructure development, household appliances, industrial machinery, and tool...

Pig Iron Powder Trade Pig Iron Powder

Iron is a vital trade commodity used primarily to produce steel, which is essential in construction, automotive, and mechanical engineering industries due to its strength, durability, and versatility.

Agglomerated Iron Ore Trade Agglomerated Iron Ore

Iron ore is a crucial trade commodity used primarily in producing iron and steel for various industries like construction, automotive, and heavy machinery.

Non-Agglomerated Iron Ore Trade Non-Agglomerated Iron Ore

Iron is a vital trade commodity derived from iron rocks and used globally for producing steel, cast iron, and metal alloys due to its versatility and strength.

Iron Oxides Trade Iron Oxides

Iron oxides and hydroxides are essential commodities used to produce iron and steel, serving various industries including construction, automotive, and manufacturing through applications such as pigments, catalysts, and...

Roasted Pyrites Trade Roasted Pyrites

Roasted iron pyrites are a mineral commodity obtained by heating iron sulfides in air to produce iron oxides that can be used as an iron source in the production of sulfuric acid.

Unroasted Pyrites Trade Unroasted Pyrites

Iron pyrites is a naturally occurring mineral composed of iron and sulfur, often mistaken for gold due to its similar appearance.

Low Phosphorous Pig Iron Trade Low Phosphorous Pig Iron

Pig iron is a high-iron-content metal product with low phosphorus levels, primarily used in steel production and other metallic alloy manufacturing processes.

High Phosphorous Pig Iron Trade High Phosphorous Pig Iron

High-phosphorus pig iron is a significant trade commodity made from iron ore that contains more than 0.5% phosphorus by weight, primarily used in producing cast iron and certain types of steel.

Iron Slag Trade Iron Slag

Iron is a significant trade commodity derived from iron ore through a manufacturing process involving coke and limestone, with its production concentrated in countries like China, Australia, and Brazil.

Iron Slag Granuales Trade Iron Slag Granuales

Iron and steel slag, also known as slag sand, is a granulated by-product of the iron and steel manufacturing process with various industrial uses due to its unique chemical composition and angular particle shape.

Market intelligence

Relevant Events

12 events
1 May 2024

Processing Startup for Iron in United States

Processing Startup United States Iron

U.S. Steel Corp. began production of direct‑reduction grade iron ore pellets at the Keetac Mine in Minnesota, increasing high‑grade pellet output for steelmaking.

1 Jan 2024

Infrastructure Disruption for Iron in United States

Infrastructure Disruption United States Iron

Seasonal closures of the Soo Locks, the primary Great Lakes shipping route for iron ore, disrupted U.S. production, shipments, and trade from January through May 2024.

12 Dec 2023

Processing Expansion for Iron in United States

Processing Expansion United States Iron

Completion of a $150 million upgrade at U.S. Steel’s Keetac Mine in Minnesota expanded the plant’s capacity to produce direct‑reduction grade iron ore pellets.

1 Jan 2019

Mine Closure for Iron in United States

Mine Closure United States Iron

Transformation of Hoover Color Corp. mine property into a park in Virginia, effectively closing the mine and ending iron ore extraction.

1 Jan 2018

Processing Expansion for Iron in Germany

Processing Expansion Germany Iron

Lanxess expanded production of micronized iron oxide red pigments at its Krefeld-Uerdingen plant, increasing iron pigment output.

1 Jan 2018

Processing Shutdown for Iron in United States

Processing Shutdown United States Iron

Closure of three Venator Materials PLC facilities in the United States, reducing domestic iron pigment production capacity.

2018

Processing Startup for Iron in United States

Processing Startup United States Iron

Cleveland-Cliffs Inc. began construction of a 1.9‑Mt/yr hot‑briquetted iron plant at a Toledo, OH brownfield site, expanding domestic iron production capacity.

31 Dec 2017

Tariff Change for Iron in United States

Tariff Change United States Iron

Tariff for iron, pig iron, or steel granules (item 7205.10.0000) was set to free for imports into the United States on 31 December 2017.

1 Dec 2016

Other for Iron in United States

Other United States Iron

Essar Steel Minnesota filed for bankruptcy in 2016 while constructing a 7‑Mt/yr iron ore mine and pelletizing facility.

1 Dec 2016

Regulatory Change for Iron in United States

Regulatory Change United States Iron

The Minnesota Executive Council reduced mineral royalty rates for iron ore mined on state lands by 19% through June 2016.

1 Oct 2016

Ownership Change for Iron in Guinea

Ownership Change Guinea Iron

Rio Tinto sold its stake in the Simandou iron ore project in Guinea to Aluminum Corp. of China Ltd. in October 2016.

1 Oct 2016

Processing Shutdown for Iron in United States

Processing Shutdown United States Iron

Magnetation LLC’s Grand Rapids, MN, iron ore processing facility was shut down after a bankruptcy court approval in October 2016.

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