Iron (Fe) is one of the most abundant rock-forming elements, constituting about 5% of the Earth’s crust. It is the fourth most abundant element after oxygen, silicon and aluminum and, after aluminum, the most abundant and widely distributed metal.
Iron ore are the rocks or minerals by which metallic iron is derived. Iron ores that carry a high quantity of hematite (Fe2O3) or magnetite (Fe3O4) can be fed directly into blast furnaces in the iron production industry.
NGN is an one of the supplier of Iron Ore that exported around 2,500,000 MT to middle east from the best mines in the Iran.
Iron Ore Usage
Iron ore is used primarily in the production of iron. Iron is used in the manufacturing of steel. Steel is the most used metal in the world by tonnage and purpose. It is used in automobiles, airplanes, beams used in the construction of buildings and thousands of other items.
Iron ore is the main ingredient in steel, which makes up 95 percent of the metals used in the world per year. Two billion metric tons of raw iron ore are produced in a year.