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Global Production and Consumption of Iron Ore The Iron Ore May 10,2012 · Iron is the world's most commonly used metal steel,of which iron ore is the key ingredient,representing almost 95% of all metal used per year.It is used primarily in structural engineering applications and in maritime purposes,automobiles,and general industrial applications (machinery).Iron rich rocks are common worldwide,but ore grade commercial mining operations. A Underground Method of Mining Iron Ore A Underground Method of Mining Iron Ore.Previous Next.The winding machinery,boilers,etc.are on a proportional scale.Norway mine will probably produce 100,000 tons of ore this year,1888,and West Vulcan will probably yield 130,000 tons of ore. 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