Iron and steel the Core of World Development

One of the first metals to be discovered by man:

Iron Stats

Iron makes up a huge part of our planet and the natural world

80% of earth's core is iron

4th most common element in the earth crust

As a result ,it was one of the first metals to be discovered by man

Iron Ore is defined as any rock from which iron can be profitably extracted

Iron is now the second largest commodity market after oil, and 95% of all metal produced per year is iron.

In 2011, the world iron market was worth USD $512 Billion

If the iron industry was a country it would have the 24th largest GDP in the world, close to Norway

Iron was used directly in weapon and tools for 3000 years, until it was found that iron could be cheaply processed into steel.

98% of iron is used in steel production.

Steel changed history forever, as it enables infrastructure, modern architecture, the automobile.