Canada Iron Ore Market Size & Outlook, 2025-2030

The iron ore market in Canada is expected to reach a projected revenue of US$ 4,100.7 million by 2030. A compound annual growth rate of 4.3% is expected of Canada iron ore market from 2025 to 2030.
Revenue, 2024 (US$M)
$3,526.6
Forecast, 2030 (US$M)
$4,100.7
CAGR, 2025 - 2030
4.3%
Report Coverage
Canada

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

Canada iron ore market, 2018-2030 (US$M)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

Canada iron ore market highlights

  • The Canada iron ore market generated a revenue of USD 3,526.6 million in 2024 and is expected to reach USD 4,100.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 4.3% from 2025 to 2030.
  • In terms of segment, pellets was the largest revenue generating type in 2024.
  • Lumps is the most lucrative type segment registering the fastest growth during the forecast period.


Iron ore market data book summary

Market revenue in 2024USD 3,526.6 million
Market revenue in 2030USD 4,100.7 million
Growth rate4.3% (CAGR from 2025 to 2030)
Largest segmentPellets
Fastest growing segmentLumps
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFines, Lumps, Pellets
Key market players worldwideAnglo American PLC, Ansteel, ArcelorMittal SA Depository Receipt, BHP Group Ltd, Cleveland-Cliffs Inc, EVRAZ Group, Fortescue Metals, HBIS, LKAB, Metalloinvest, Rio Tinto PLC ADR, Vale


Other key industry trends

  • In terms of revenue, Canada accounted for 1.3% of the global iron ore market in 2024.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, Mexico iron ore market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 5,024.7 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Iron Ore Market Scope

Iron Ore Market Companies

Name Profile # Employees HQ Website
LKAB View profile 5001-10000 Luleå, Norrbottens Lan, Sweden, Europe http://www.lkab.com
Fortescue Metals View profile 1001-5000 East Perth, Western Australia, Australia, Oceania http://www.fmgl.com.au
EVRAZ Group View profile 10001+ London, England, United Kingdom, Europe https://www.evraz.com
Ansteel View profile - Anshan, Liaoning, China, Asia http://www.ansteel.cn
Vale View profile 10001+ Rio De Janeiro, Rio de Janeiro, Brazil, South America http://www.vale.com
Metalloinvest View profile 501-1000 Moscow, Moscow City, Russian Federation, Europe https://metalloinvest.com
BHP Group Ltd View profile 42319 171 Collins Street, Level 18, Melbourne, VIC, Australia, 3000 https://www.bhp.com
Anglo American PLC View profile 58000 17 Charterhouse Street, London, United Kingdom, EC1N 6RA https://www.angloamerican.com
HBIS View profile 51-100 Waxahachie, Texas, United States, North America https://www.hbisonline.com
Rio Tinto PLC ADR View profile 57174 6 St James’s Square, London, United Kingdom, SW1Y 4AD https://www.riotinto.com
Cleveland-Cliffs Inc View profile 28000 200 Public Square, Suite 3300, Cleveland, OH, United States, 44114-2315 https://www.clevelandcliffs.com
ArcelorMittal SA Depository Receipt View profile 126756 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 http://www.arcelormittal.com

Canada iron ore market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iron ore market will help companies and investors design strategic landscapes.


Pellets was the largest segment with a revenue share of 53.56% in 2024. Horizon Databook has segmented the Canada iron ore market based on fines, lumps, pellets covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Canada iron ore market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Canada iron ore market databook

  • Our clientele includes a mix of iron ore market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Canada iron ore market , including forecasts for subscribers. This country databook contains high-level insights into Canada iron ore market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Canada iron ore market size, by type, 2018-2030 (US$M)

Canada Iron Ore Market Outlook Share, 2024 & 2030 (US$M)

Canada iron ore market size, by type, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more
Chat with us
Research Assistance
Online