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    Increasing iron ore demand, coupled with the depletion of high-grade hematite ores in the United States, after World War II led to development of lower-grade iron ore sources, principally the utilization of magnetite and taconite.

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    Vale is the largest single producer with total iron ore reserves of about 14 Bt in terms of iron content and is also the largest iron ore producer in the world on a company basis, producing about 300 Mt of iron ore and 39 Mt of iron ore pellets in 2013, which accounted for more than 80% of Brazil's total iron ore

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    Hebei Iron and Steel Group Company Limited is incorporated in the year 2008. This state owned enterprise is headquartered in Shijiazhuang, Hebei, People's Republic of China. The capacity of HBIS is 30 million tonnes of steel per annum, making the company the largest steel provider in China.

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    Vale is the largest single producer with total iron ore reserves of about 14 Bt in terms of iron content and is also the largest iron ore producer in the world on a company basis, producing about 300 Mt of iron ore and 39 Mt of iron ore pellets in 2013, which accounted for more than 80% of Brazil's total iron ore

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    Hebei Iron and Steel Group Company Limited is incorporated in the year 2008. This state owned enterprise is headquartered in Shijiazhuang, Hebei, People's Republic of China. The capacity of HBIS is 30 million tonnes of steel per annum, making the company the largest steel provider in China.

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