Iron ore is used to make iron and steel eg haematite and magnetite. Iron is produced (extracted) in a blast furnace by reducing iron oxides with carbon and it is the carbon that removes the oxygen from the iron oxides – the carbon is known as the reducing agent. Coke is a cheap and readily made reducing agent.
Extracting iron from the ore. Recycling; Contributors; This page looks at the use of the Blast Furnace in the extraction of iron from iron ore, and the conversion of the raw iron from the furnace into various kinds of steel.
Iron is one of the most important commodity used across the globe. Increasing infrastructure development and industrialization has accelerated the demand for iron. Hence, the global iron ore mining market is anticipated to grow during the forecast period. Crude Iron is produced from iron ore. Iron ore is extracted from rock and minerals.
For iron ore, if carbon prices would rise to a level of 30 per tonne, iron ore costs would increase by % across the industry (pdf). An adequate incorporation of the water costs of iron ore mining would result in a % cost increase.
Iron ores are rocks and minerals from which metallic iron can be economically extracted. Ninetyeight percent of mined iron is used to make steel. The extraction of iron ore is generally performed through a blasting and removal process from large open pit mines, before it is crushed, screened and blended for export or local consumption.