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Iron ore is a principal raw material for blast-furnace ironmaking.
The classification below uses an iron content of 17% as the boundary: iron-rich material at or above 17% Fe is described as iron ore, and material below that level as mineral raw material. This is the classification used in this article; it is not presented as a universal legal or commercial threshold.
Common iron-bearing minerals include hematite (Fe2O3), magnetite (Fe3O4), goethite (FeOOH), lepidocrocite (FeO(OH)), siderite (FeCO3) and limonite (a mixture of iron hydroxides that may contain SiO2 and other minerals).
Chemical formula references: magnetite; siderite (iron(II) carbonate).
Iron content is a key characteristic of iron ore. Higher iron content generally reduces the quantity of ore required for ironmaking. Illustrative quantities are about 1.47 tonnes of ore containing 68% Fe, or 4 tonnes of ore containing 25% Fe, per tonne of pig iron. These are simplified examples; actual consumption depends on the full burden composition, recovery and operating conditions. The article classifies run-of-mine ore containing over 60% Fe as rich, 50–60% as medium-grade, and below 50% as low-grade.
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