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I. THE IRON ORE MARKET IN 2011 OECD. 2016-3-29 With the increases in 2011 and despite the decline in 2009, world production of iron ore has grown by 95.7 % since 2002, or by 947.4 Mt. In developed market economies (including Eastern Europe), except Australia, iron ore production increased by 16.6 % during the same period.Get Price