answersLogoWhite

0


Best Answer

The countries that produce major iron ore in the world include China, Brazil, Australia, India, Russia, Canada and US. The type of iron ore found in these countries varies from each other. This factor forces or compels countries to import that kind of iron ore which is not found or is short in their country. Likewise they export the type of iron ore which is surplus one.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why US and Canada are importers and exporters of iron ore?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Largest exporters of iron ore in the world?

One is China.


When was Iron Ore Company of Canada created?

Iron Ore Company of Canada was created in 1949.


What is Iron Ore Company of Canada's population?

The population of Iron Ore Company of Canada is 1,900.


Where does china get its iron ore from?

Mostly domestic mining operations (who are heavily subsidized) which account for something like a third to half of the world's iron ore production. They also import immense quantities from Australia and I think Brazil, as well as other iron ore exporters.


Top five iron ore export countries?

The top 3 exporters include 1. Australia 2. Brazil 3. India ....


What are the two largest exporters of iron ore in Australia?

From my research, it seems to be BHP Billition and Rio Tinto. However, this answer needs further confirmation.


Where in Canada is iron ore found?

Mainly found in Labrador.


What countries are known for iron ore?

Brazil, Canada, and Venezuela


What does Canada do with its iron?

Iron ore can be found all over the world, in the form of rocks and other minerals. To be economically viable for mining, iron ore must contain at least 20% iron. Magnetite ore has the highest proportion of iron, at 65%. Haematite ore also has a high content of iron at 60%. All iron ore contains ferric oxide and it is from this that iron is extracted. Approximately two billion tonnes of iron ore are mined each year.


Where is most of Canada's iron ore found?

Quebec and New Foundland


In what part of the us are large deposits of iron ore found?

Large deposits of iron ore are found in the Iron Range region of Minnesota in the United States. This area is known for its extensive iron mining operations due to the high-quality iron ore reserves present there.


Who is the chief importer of iron ore to the U.S.?

The United States maintained a close relationship with Canada in regard to iron ore trade. Over the course of the 1990s, the United States was a net importer to meet demands for iron ore.