Why is extracting iron from its ore so expensive compared to recycling it?

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We obtain most of our resources from the Earth's crust and these resources are limited. It is therefore important that we conserve as much as possible because when they are gone, they are gone forever. So how can we make our supplies of these resources go further? One way to conserve our resources is to recycle waste products instead of sending them to landfill sites. Some forms of recycling happen naturally, for example the carbon cycle and nitrogen cycle which allow these two important elements to be recycled. The Earth's population is increasing faster and faster and it's important that... Show more

Why is extracting <B>iron</B> from its ore so expensive compared to recycling it?