F. H. Hatch — The Iron Ore Supplies of the World. 517 



reserves of low-phosphorus ore m the rest of the world only amount 

 to some 1,740 million tons, the bulk of which is in the United States. 

 The European resources of this class of ore are small and rapidly 

 diminishing, and the claims on them are increasing. Spain is engaged 

 in the development of a new iron and steel industry, and France 

 will require a larger proportion of the North African ore. The 

 British ironmaster, if he is to continue making haematite steel, will 

 sooner or later be driven to seek his ore supplies outside Europe, 

 and that indicates Brazil as the future main source of this class 

 of ore. 



