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Iron is one of the oldest and most important metals in human history. Because of both its durability and versatile use, iron is considered one of the cornerstones of economic development. Nowadays, the strategic importance of iron is increasing and it is becoming a critical key material for economies.
The strategic importance of iron stems from the fact that it forms the basis of many industries. Iron and iron ore are used in many areas, from the construction sector to the automotive industry, from machinery manufacturing to the energy sector. From infrastructure projects to high-tech production processes, the demand for iron is constantly increasing.
Especially for developing countries, the strategic importance of iron is becoming more evident. In processes of economic growth and industrialization, iron plays a vital role in many areas, from infrastructure construction to industrial production. For these countries, iron production and trade are key to economic development.
The strategic importance of iron is not only economic but also geopolitical. Countries rich in iron resources can have an important position in world trade. Therefore, the production, trade and logistics of iron are considered as a strategic issue in international relations.
