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Iron Ore Market Summary The global demand for iron ore is expected to stand at 2.41 billion metric tons by 2024, and the market is projected to exhibit a CAGR of over 5.32% during the forecast period, owing to the increasing use of steel in numerous end-use industries such as automotive, ships, building and construction. Additionally, the demand for iron ore is dominated by the increasing demand for medicines and paints, which is expected to propel the growth of the global iron ore market during the forecast period. Iron Ore Market Segment Analysis The global COVID-19 analysis on COVID-19 analysis on iron ore market report has been segmented based on product type, form, end-use industry, and region. By product type, the global iron ore market has been divided into hematite, magnetite, limonite, siderite, and others. Hematite, which has high iron content, is suitable for steelmaking compared to other product types, owing to which the segment accounted to a majo...