IRON ORE1
(Data in million metric tons of useable ore unless otherwise noted) Domestic Production and Use: In 2010, mines in Michigan and Minnesota shipped 99% of the usable ore produced in the unify States, with an estimated value of $2.0 billion. Thirteen iron ore mines (11 open pits, 1 refilling operation, and 1 dredging operation), 9 concentration plants, and 9 pelletizing plants operated during the year. Almost all ore was concentrated before shipment. Eight of the mines operated by three companies accounted for close to all of the production. The United States was estimated to have produced and consumed 2% of the worlds iron ore output. Salient Statisticsâ"United States: Production, usable Shipments Imports for consumption Exports utilization: 3 Reported (ore and total agglomerate) e Apparent 4 Price, U.S. dollars per metric ton Stocks, mine, dock, and consuming e, 5 plant, yearend, excluding byproduct ore Employment, mine, concentrating and pelletizing plant, quarterly average, number 6 Net import reliance as a percentage of apparent consumption (iron in ore) recycle: None (see Iron and Steel Scrap section). Import Sources (200609): Canada, 61%; Brazil, 31%; Chile, 3%; Trinidad and Tobago, 1%; and other, 4%. Tariff: stage Concentrates Coarse ores Fine ores Pellets Briquettes Sinter Number 2601.11.
0030 2601.11.0060 2601.11.0090 2601.12.0030 2601.12.0060 2601.12.0090 Normal deal out Relations 12-31-10 Free. Free. Free. Free. Free. Free. 2006 52.7 52.7 11.5 8.3 58.2 57.1 53.88 15.3 4,470 8 2007 52.5 50.9 9.4 9.3 54.7 52.1 59.64 15.8 4,450 E 2008 53.6 53.6 9.2 11.1 51.9 49.7 70.43 17.7 4,770 E 2009 26.7 27.6 3.9 3.9 31.0 25.7 92.80 18.7 3,530 E 2010 49 50 7 11 50 47 90.00 17 4,700 E
e 2
Depletion Allowance: 15% (Domestic), 14% (Foreign). Government run: None. Events, Trends, and Issues: Following an almost 70% increase in the widely distributed price for iron ore fines into the European market and an almost 80% increase for fines from Australia into...If you want to get a full essay, pitch it on our website: Ordercustompaper.com
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