Iron ore is a type of rock that contains the metal iron. Steel consumes approximately 98% of the world's iron. Pure iron is a soft grayish-white metal and an element. Except for meteorites that fall from the sky, iron is never found in nature by itself. More information is available at https://commodity.com/precious-metals/iron-ore/. Iron ore is an important global commodity because steel is used in buildings, infrastructure, mechanical equipment, and automobiles.
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