The year 2010 saw a strong recovery for iron ore production in the United States after a particularly strong downturn in 2009. The market size presented today is the value of all iron and steel production in the country in 2010. The state of Indiana accounted for 24% of the total raw steel production, followed by Ohio with 10%, and Michigan and Pennsylvania each accounting for 7%.

The graphic shows iron and steel production and apparent consumption figures for a period of 30 years, from 1980 to 2010. Apparent consumption is a calculated figure based on production, plus imports, minus exports plus or minus change in stock.

Geographic reference: United States
Year: 2010
Market size: $139 billion
Source: “Iron and Steel, Statistics and Information,” Mineral Industry Survey, a series of reports produced by the U.S.Geological Survey, made available online and last updated on May 19, 2011. Here is a link to the USGS site.
Original source: U.S. Department of the Interior, USGS