Iron Ore Stocks at Mines, Total for United States
A05086USA418NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.34
Year-over-Year Change
-48.36%
Date Range
1/1/1911 - 1/1/1946
Summary
The 'Iron Ore Stocks at Mines, Total for United States' measures the total inventory of iron ore held at mines across the United States. This metric is an important indicator of supply-side conditions in the domestic iron and steel industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the stockpiles of iron ore at mining operations within the United States. It provides insight into the production capacity and inventory levels for a crucial raw material used extensively in steel manufacturing and other industrial applications.
Methodology
The data is collected through surveys of iron ore mining establishments by the U.S. Geological Survey.
Historical Context
Iron ore stock levels are monitored by policymakers, analysts, and industry participants to assess market dynamics and production capabilities.
Key Facts
- Iron ore is a critical input for steel production.
- The U.S. is a major producer and consumer of iron ore.
- Inventory levels can signal changes in domestic manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inventory of iron ore held at mines across the United States. It provides insight into domestic production capacity and supply-side conditions for this crucial industrial commodity.
Q: Why is this trend relevant for users or analysts?
A: Iron ore stocks are an important indicator for the U.S. steel industry and broader manufacturing activity. Monitoring inventory levels can help analysts and policymakers assess supply-side factors and production capabilities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of iron ore mining establishments conducted by the U.S. Geological Survey.
Q: How is this trend used in economic policy?
A: Iron ore stock levels are tracked by policymakers, industry groups, and market analysts to evaluate supply-side conditions and production capacity in the domestic steel and manufacturing sectors.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may be subject to revisions as additional information becomes available from surveyed mining operations.
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Citation
U.S. Federal Reserve, Iron Ore Stocks at Mines, Total for United States (A05086USA418NNBR), retrieved from FRED.