Canadian Iron Ore - And Where It Will Go In The Next 25 Years

SINCE the 1930's' the production of iron ore in Canada has increased from zero to about 15 million tons per year. In the same short period of about 25 years, the steel industry has doubled in output, while the consumption of steel has also doubled. In the 1930's all Canadian steel was made from imported iron ore, whereas today, Canada is exporting considerably more iron ore than she imports. It appears certain that the production of iron ore in Canada will at least double in the near future, and should be over 45 million tons per year at the end of the next 25 years, in 1980. It also appears certain that most of this iron ore will be exported to the United States, with some proportion going to Europe. In this situation, it is logical and proper at the present time for Canadians to consider means of converting some of all of this Canadian iron ore into semi-finished or finished products in Canada.