• The global Iron Ore Pellets market was valued at US$ 51,517.04 million in 2024 and is projected to reach US$ 66,640.92 million by 2030, growing at a CAGR of 3.79% during the forecast period from 2024 to 2030.
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• Iron ore pellets are small, spherical agglomerations of iron ore fines combined with binders such as bentonite clay and fired at high temperatures to create a hardened product. These pellets serve as a primary raw material in steel manufacturing, enhancing efficiency in blast furnaces and direct reduction processes. Compared to sinter and lump ore, iron ore pellets offer higher iron content (typically 65-70%), resulting in energy savings and improved steel production performance.
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Types •Blast Furnace Pellets •Direct Reduction Pellets
• Vale (Brazil)
• Rio Tinto (Australia) • BHP (Australia)
• Fortescue Metals (Australia)
• ArcelorMittal (Luxembourg)
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