Hi Analyst99, Magnetite Fe is different to Haemetite Fe.
Magnetite is almost always lower % than Haemetite and is then benificated up in a separation process.
The process is made possible because Magnetite is natural magnet...it usually has a low sulphur content and is sort after as a 'feed stock' because it allows furnaces to run at cooler temperatures and requires less down-time for descaling and is less polluting.
Australia has very little Magnetite (a bit in Tasmania I believe).
Hi Analyst99, Magnetite Fe is different to Haemetite...
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