Iran has the largest reserves of Hematite in West asia . Khorasan province and Fars province are among the regions that contain significant reserves of hematite in Iran. Iraq is another country that has significant reserves of hematite in West Asia. These deposits are mainly located in the western regions of the country and near the cities of Mosul and Kirkuk. Syria also has significant deposits of hematite. Areas such as the northwest of the country and near the cities of Aleppo and Idlib have hematite resources. Oman is also one of the countries that has important reserves of hematite in West Asia. In the northeast of Oman, Wadi Mandari region has deposits of this material. Saudi arabia also has significant hematite reserves. These deposits are mainly located in the Hijaz region and near the city of Jeddah.

Some West asian countries, such as Iran, Saudi Arabia, Oman and Qatar, export iron oreto other countries. These countries have significant reserves of iron ore and have the ability to produce and export it. In addition to export, West Asian countries may also import iron ore from other countries. Some West Asian countries, such as Turkey, need imported iron ore and import it from countries such as Brazil, Australia, India and China. The destination and source of iron ore import and export may depend on price changes, product quality and market needs.

Some regions of West Asia may have high-quality hematite deposits. These hematites usually have a high quality level, a high concentration of iron and the lowest proportion of pollutants. In some regions of West Asia, hematites are of average quality. They may have a lower concentration of iron and a higher amount of contaminants. Some regions of West Asia also have lower quality hematites, which have a lower concentration of iron and a higher amount of pollutants. The quality of hematite in West Asia depends on the specific region and mine.

Countries of the Middle east are members of organizations and unions that work in the mining and Metals industry are mineral activities and can play a role in the field of hematite iron ore. Union of Steel Industries of the Persian Gulf including the countries of Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain and United Arab Emirates. This union operates in the field of steel and mining industry and can indirectly influence hematite iron ore. The Economic Cooperation Organization includes some countries in the Middle East and so on. This organization operates in the field of economic and commercial cooperation and may provide recommendations and guidance in the field of export and import of hematite iron ore.

The presence of local production of hematite in West Asia can have an effect on the price. If a country in West Asia produces hematite and can meet domestic needs, the local price may be different from the world price. The import and export process of hematite can also have an effect on the price. If a country in West Asia imports or exports hematite to other countries depending on its domestic needs, these operations may affect prices. The demand and supply rate of hematite in West Asia can affect the price. If demand for hematite in this region is high and supply is low, the price may increase. Economic factors such as exchange rates, market conditions, prices of other metals and factors related to the steel industry may also affect the price of hematite in West Asia.

Iran is one of the largest producers of iron in West Asia. The steel industry in Iran is very important and prosperous, and the country has various Metal mines, including iron ore. Saudi Arabia is also one of the largest producers of iron in West Asia. The country has rich iron ore deposits and its steel industry is expanding. Türkiye is also one of the important producers of iron in the region. Turkey's steel industry has grown significantly in recent years and the country has rich iron ore mines. Oman also includes some iron producers in West Asia. The country has significant iron ore resources and some steel companies operate in Oman. Qatar has also entered the steel industry in recent years and is the largest iron producer in West Asia.