Almost all iron ore (98%) is converted to crude iron for steel making, which is then used in construction, transportation, energy infrastructure, and home appliances. There are four main types of iron ore deposits: massive hematite with the most extraction, magnetite, titanium magnetite and pisolite iron ore and concentrate iron ore. The color of these stones varies from dark gray, light yellow or dark purple to rusty red. Iron is responsible for the red color in many of our rocks and the deep red sands of the Australian desert. And quality of iron ore like Magnetite is the best quality iron ore and contains 72% pure iron. Hematite contains 60 to 70% pure iron ore; The particle size of titanium magnetite concentrate is good and the mineral content with particle size less than 0.074 mm reaches about 62%, and the modal composition of pistols varies from 57.0 to 70.4%, while the composition of oolites and pellets varies from 46.4 to 51.8%. now we look prices of iron ore in the globe market and there are different prices as per origin like Canada, Austria, Brazil and other countries and Iran is also in the market with good qualities and competitive prices of iron ore. Iron ore is respected as the second most important product behind oil. As a basic input for the generation of crude steel, iron ore feeds the world's largest trillion dollars a year metal market and id the spine of worldwide framework. And we are more explain about Used, types, quality, and prices below.
Used of Iron Ore
The main use of iron ore (98%) is to make steel. The remaining 2% is used in applications such as Powdered Iron - for specific types of steel, magnets, auto parts and catalysts and Iron Blue - Paint, Printing Ink, Plastics, Cosmetics (e.g., Eye Shadow), Artist Colors, Laundry Blue, Paper Dyeing, Fertilizer, Baked Enamel Finishes on Automobiles and Appliances, and Industrial FinishesThe consumption of iron ore very high in the world and China is the most used country in the world and 2nd Japan is high consumption country and 3rd south Korea. Global iron ore production is projected to reach 3.17 billion tons in 2026 and to experience a CAGR growth of 5.59% between 2022 and 2026. Growth in the global iron ore market was supported by factors such as increasing crude steel production, increasing urban population, increasing GDP, and accelerating the durable goods industry. However, market growth will be challenged by trade wars and rising raw material prices and huge capital needs. The market is expected to experience certain trends such as mining technology, increasing demand for light vehicles for automotive steel and increasing demand for low-grade iron ore. Global demand for blast furnaces and DRI iron ore is projected to grow by 4.14% with a CAGR of 4.14%. Demand is expected to reach 2.94 billion tons by 2026.
Types of Iron Ore
There are four main types of iron ore deposits: massive hematite with the most mined, magnetite, titanium magnetite and pisolite iron ore. Hematite ores, also known as straight ores, are naturally high in iron, which is good for making steel. Due to its high iron content, hematite ore must undergo only a simple process of crushing, screening, and mixing before sending it to steel production. For this reason, hematite ores are important to many mining companies. The mineral magnetite has a higher iron content than mineral hematite. However, while hematite ores generally contain high concentrations of hematite, magnetite ores generally retain low concentrations of magnetite. As a result, this type of iron ore must be concentrated before use to produce steel. 
The magnetic properties of magnetite ore are useful in this process. Magnetite ores may need further refining, but the final products made from magnetite ores are usually of higher quality than hematite ores. Vanadium-containing titanium rocks are among the most promising types of unconventional rocks and an important source of titanium, vanadium, and iron The content of these components in the ore is sufficient for industrial extraction, although it can be very different. A type of sedimentary rock that is usually pisolite iron ore, consisting of spheres of layered material larger than 2 mm. In the case of pisolite limestone, the particles are made of radiant calcite / aragonite needles. Such sedimentary rocks are also called pisolite. Bauxite is another type of pisolite.
Quality or Purity of Iron Ore
Hight quality iron ore founded in Brazil like hematite iron ore grade fe69.9%, Historically, much of the iron ore used by industrial societies has been extracted mainly from hematite deposits with a grade of about 70% iron. The typical grade of iron in which the formation of strip iron containing economical magnetite is approximately 25% iron, which can generally produce 33% to 40% by weight of magnetite to produce a concentrate granulation of more than 64% iron and Conventional titanium magnetic concentrate with 57% iron grade and pisolite iron ore (known as channel iron deposits, CID) is a special case of transported pisolite iron ore, an important source of medium grade iron (57 to 60 wt.% iron) in the Pilbara region of Western Australia.
Prices of Iron Ore
Today prices of Iron and steel are different as per grade in the market but now a days China high grade iron ore demanding with best price, because China is the world's largest importer of iron ore. the global crude iron production remains close to last year's record and the iron ore supply chain continues, 2022 will be another difficult year for offshore iron ore. We have increased our CY 2022 price forecast by 50% and the World Steel Association forecasts steel demand to edge up 0.4% in 2022 to 1.84 billion mt and grow a further 2.2% in 2023 to 1.88 billion mt. 
top hematite iron ore
Conclusion
As Long as this world exists, Iron will be needed, and iron ore will be needed for make iron and our mission is seeking to find our place in international market with best quality and competitive price for the buyers.
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