Challenges facing the North American iron ore industry

During the 20th century, the iron ore mining industries of Canada and the United States passed through several periods of transformation. The beginning of the 21st century has seen yet another period of transformation, with the economic failure of a number of steel companies, the acquisition of their facilities by more viable steelmakers, and the consolidation of control within the North American iron ore industry. Changes in Canadian and United States iron ore production and the market control structure involved are analysed. The consolidation of ownership, formation of foreign joint ventures within Nordi America, planned divestitures of upstream activities by steelmakers, and industry changes made to ensure availability of feedstocks will be reviewed. The ttaditional isolation of the Canadian and United States iron ore operations and their strong linkage to downstream steel production will be discussed in the context of a changing global economy. Management-labour conflicts that have taken place and agreements made during 2000 through 2004 will be discussed in the context of the economic environment leading up to these agreements. Cooperative agreements between competing Canadian and United States companies to resolve client needs in processing and blending will be examined. A joint industry-government project designed to use new technology to produce direct reduced iron nuggets of 96 - 98 per cent iron content using non-coking coals will also be assessed. Changes in iron ore transportation methods, ownership and infrastructure will be reviewed for both rail and inland waterway transport between Canadian and United States companies. A brief analysis of social and environmental issues relating to sustainable development of the Canadian-United States iron ore industry will be included.