minerals may be regarded as being in the nature of a key mineral for the iron and steel industry, and the control of deposits of these minerals is a matter of international concern. Control is not a difficult matter, in view of the fact that the principal supplies of practically every one of the alloy minerals are concentrated in comparatively few spots on the globe,—as indicated on succeeding pages.
Nature has not endowed the United States, nor in fact the North American continent, with adequate high-grade supplies of the principal ferro-alloy minerals,—with the exception of molybdenum, and with the exception of silica, magnesite, and fluorspar, which are used as accessories in the process of steel making. With plenty of iron ore and coal, and with an iron and steel capacity amounting to over 50 per cent of the world's total, the United States is very largely dependent on other countries for its supplies of the ferro-alloy minerals. The war brought this fact home. With the closing of foreign sources of supplies, it looked at one time as if our steel industry was to be very greatly hampered; and extraordinary efforts were made to keep channels of importation open until something could be done in the way of development, even at excessive cost, of domestic supplies. The result of war efforts was a very large development of domestic supplies of practically all the ferro-alloy minerals; but in no case, with the exceptions noted above, did these prove sufficient to meet the total requirements. This development was at great cost and at some sacrifice to metallurgical efficiency, due to the low and variable grades of the raw materials. With the post-war reopening of importation much of the domestic production has necessarily ceased, and large amounts of money patriotically spent in the effort to meet the domestic requirements have been lost. These circumstances have resulted in the demand in Congress from producers for direct financial relief and in demand for protective tariffs, in order to enable the new struggling industries to exist, and to permit of development of adequate home supplies. Such tariffs might be beneficial to these particular domestic industries if wisely planned; but also, in view of the limited amounts of these particular ores in this country, their general low grade, and the high cost of mining, tariffs might very probably hasten exhaustion of our limited supplies and might handicap our metallurgical industries both in efficiency and cost (see pp. 365-366, 393-394).
IRON ORES
Economic Features
Technical and commercial factors determining use of iron ore minerals. Popularly, an iron ore is an iron ore, and there is little realization of its really great complexity of composition and the difficulty of determining what is or is not a commercial ore. Percentage of iron is of course an important factor; but an ore in which the iron is in the mineral hematite is more valuable than one with an equivalent percentage of iron which is in the form of magnetite. Substances present in the ore in minor quantities, such as phosphorus, sulphur, and titanium, have a tendency to make the iron product brittle, either when it is cold or when it is being made, so that excessive amounts of these substances may disqualify an ore. Excessive quantities of silica, lime, or magnesia may make the ore undesirable. Where an acid substance, like silica, is balanced by basic constituents