Types of Iron Ore: Hematite vs. Magnetite
Iron ore is most often found in the form of hematite and magnetite, though goethite, limonite and siderite types are also common. Approximately 98 percent of the iron ore produced in the world is used to make steel. Types of iron ore: Hematite. Hematite ore has the chemical formula Fe2O3 and has very high iron content of 70 …