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The following companies are prominent in the international market; those listed include Evraz, Anglo American, BHP Billiton, Bahrain Steel, Cleveland-Cliffs, and FERREXPO. Amongst these, each one represents a significant source of excellent quality iron ore pellets that provides necessary supply to iron ore manufacturers worldwide. Among them, BHP Billiton and Anglo American represent two of the largest multinational mining companies producing substantial iron ore output for both domestic and international markets. Cleveland-Cliffs is the Minnesota-based supplier that plays a very important role in North American pellets production. It helps the domestic steel industry.
Evraz, Russia, and FERREXPO, one of the leading Ukrainian producers, also lead big shares in the pellet market, especially in Europe and Asia. Bahrain Steel leads in the Middle East alone with most of the sales going to the GCC countries. Together, these companies set market trends while balancing production capacity with high and growing demand for efficient high-grade pellets made for steel production.
Major players operating in the iron ore pellets coating industry are:
Major players in the industry include Anglo American, Bahrain Steel, BHP Billiton, Cleveland-Cliffs, Evraz, FERREXPO, Iron Ore Company of Canada, and Jindal SAW.
The global market size for iron ore pellets was valued at USD 108.5 billion in 2024 and is projected to reach USD 237.2 billion by 2034, driven by a CAGR of over 8.4% from 2025 to 2034.
The blast furnace segment was valued at USD 81.7 billion in 2024 and is expected to grow significantly due to its cost-effectiveness compared to traditional direct reduction grades.
APAC market is set to depict a CAGR of over 8.9% between 2025 and 2034, with China being a major contributor to this growth.