IRON ORE1 - USGS
closure of multiple iron ore plants. Total raw steel production was estimated to have decreased to 69 million tons in 2020 from 87.8 million tons in 2019. The share of steel produced by basic oxygen furnaces, the process that uses iron ore, continued to decline from 37.3% in 2015 to an estimated 30% in 2020 owing to increased use of electric arc