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Iron ore is the source of primary iron for the world's iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base. Almost all (98%) iron ore is used in steelmaking. Iron ore is mined in about 50 countries.

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These are surface mining and underground mining (sub surface mining). Iron ore is almost exclusively mined by surface operations. The most predominant surface mining methods used for mining of iron ores are open pit mining methods and open cut mining methods. However a few underground iron ore mines are also in operation around the globe.

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Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".

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And whether iron mining equipment is ore mining, coal mining, or well drilling. There are 19,250 iron mining equipment suppliers, mainly located in Asia. The top supplying countries are China (Mainland), India, and South Korea, which supply 99%, 1%, and 1% of iron mining equipment respectively.

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84 IRON ORE1 (Data in million metric tons of usable ore2 unless otherwise noted) . Domestic Production and Use: In 2012, mines in Michigan and Minnesota shipped 97% of the usable ore produced in the United States, with an estimated value of $6.0 billion.

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Energy and Environmental Profile of the U.S. Mining Industry 4.1.1.2 Underground Mining Underground mines are established in areas with promising ore deposits. Iron ore deposits may lie deep underground. A shaft must be dug from the surface and an elevator or hoist must be installed.

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Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.

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