Report Overview
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.
Market Analysis
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.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitor Analysis
Vale (Brazil)
Rio Tinto (Australia)
BHP (Australia)
Fortescue Metals (Australia)
ArcelorMittal (Luxembourg)
Anglo American (UK)
Market Segmentation
