Global Iron Ore Pellets Market is expected to grow with the CAGR of 3.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global iron ore pellets market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global iron ore pellets market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in October 2020, Vale had decided to enhance the level of the output of the iron ore pellet in the third quarter after the restart of several operations. The business expansion helps in increasing the customer base of the company which enhances sales of the business.

Vale is the dominating player in the global iron ore pellets market. The other key players existing in the market includes Mitsubishi Corporation RtM Japan Ltd (Subsidiary of Mitsubishi Corporation.), Cleveland-Cliffs Inc, United States Steel Corporation., ARCELORMITTAL, Metso Outotec, KIOCL Limited, FERREXPO, JINDAL SAW LTD., Iron Ore Company of Canada (Subsidiary of Rio Tinto), LKAB, METALLOINVEST MC LLC, Bahrain Steel, SIMEC.

Vale

Vale is headquartered in Rio de Janeiro, Brazil which was founded in 1942 as public ownership. The company is engaged in providing variety of mining related products to various industries. The company have wide product category ferrous minerals, base metals, coal, others out of which our focused product category is ferrous minerals.

• In October 2020, Vale had decided to enhance the level of the output of the iron ore pellet in the third quarter after the restart of several operations. The business expansion helps in increasing the customer base of the company which enhances sales of the business.

The company has wide global presence across the Asia-Pacific, Europe, South America, Middle East, and North America

Iron Ore Company of Canada (Subsidiary of Rio Tinto)

Iron Ore Company of Canada (Subsidiary of Rio Tinto) is headquartered in Montreal, Canada and it was founded in year 1949 as private ownership. The company is engaged in manufacturing of wide range of consistent as well as reliable quality of iron ore related products. The company offers wide range of product such as iron ore under which iron ore is market focused category.

• In December 2020, Rio Tinto had announced their willingness to improve the pricing system of iron ore, especially for steelmaking ingredient. The announcement helps in increasing the production capacity of the company and generates revenue for the business in the future.

The company has presence in a Canada.

United States Steel Corporation

United States Steel Corporation is headquartered in Pittsburgh, U.S. as private ownership. The company is engaged in providing of integrated as well as mill steel making capabilities. The company has product category which are flat-rolled products, U.S. steel Europe, tubular products, other businesses out of which flat-rolled products is market focused segment.

• In October 2020, United States Steel Corporation has announced the start-up of the new as well as innovative electric arc furnace at the company’s Alabama facility. The announcement helps in increasing the production of the latest product of the company which enhances sales of the business.

The company has wide global presence in North America, Europe.