Iron Ore rose to 101.81 USD/T on August 29, 2025, up 0.10% from the previous day. Over the past month, Iron Ore's price has risen 2.77%, and is up 3.15% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU10110555) from Dec 1997 to Jul 2025 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDM) from Jan 1990 to Jun 2025 about ore, iron, World, and price.

Iron ore prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 48.74 dry metric ton unit with a minimum of 8.77 dry metric ton unit in January 1968 and a maximum of 214.43 dry metric ton unit in June 2021. | TheGlobalEconomy.com

Iron Ore CNY fell to 770 CNY/T on August 22, 2025, down 0.39% from the previous day. Over the past month, Iron Ore CNY's price has fallen 4.64%, but it is still 7.02% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Iron Ore CNY.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.

Explore the factors driving iron ore price volatility in 2023, including demand from major consumers like China, supply challenges from leading producers, and global economic conditions impacting the commodity markets.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 1st Month data was reported at 790.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 808.500 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 1st Month data is updated monthly, averaging 720.000 RMB/Ton from Oct 2013 (Median) to Apr 2025, with 139 observations. The data reached an all-time high of 1,346.000 RMB/Ton in Jul 2021 and a record low of 329.500 RMB/Ton in Feb 2016. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 1st Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 4th Month data was reported at 734.500 RMB/Ton in Apr 2025. This records a decrease from the previous number of 770.500 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 4th Month data is updated monthly, averaging 699.000 RMB/Ton from Oct 2013 (Median) to Apr 2025, with 139 observations. The data reached an all-time high of 1,178.000 RMB/Ton in Apr 2021 and a record low of 324.000 RMB/Ton in Jan 2016. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 4th Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

The 2020 coronavirus (Covid-19) pandemic has had a noteworthy impact on commodities prices, including metals such as iron ore. The impact of Covid-19 on the global iron ore industry is apparent from the decline in the average year-to-date price of iron ore as of May 2020 (***** U.S. dollars per metric ton) as compared to the average price in 2019 (***** U.S. dollars per metric ton). Compared to other metals, however, iron ore prices have stayed relatively resilient, and are expected to recover further during 2020 once China's steel production increases again.

Australia Commodity Price Index: Weights: Other Resources: Iron Ore data was reported at 20.800 % in Feb 2013. This stayed constant from the previous number of 20.800 % for Jan 2013. Australia Commodity Price Index: Weights: Other Resources: Iron Ore data is updated monthly, averaging 20.800 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 21.800 % in Aug 2009 and a record low of 20.800 % in Feb 2013. Australia Commodity Price Index: Weights: Other Resources: Iron Ore data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Manganese traded flat at 29.65 CNY/mtu on August 29, 2025. Over the past month, Manganese's price has remained flat, but it is still 3.58% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on September of 2025.

Iron ore prices hit two-month highs in July 2025 due to market dynamics and Chinese policy signals, with expectations of stable prices in the short term.

The global iron ore trade, a cornerstone of the global steel industry, is experiencing robust growth, driven by a resurgence in construction activities worldwide and the burgeoning automotive sector. While precise figures for market size and CAGR are unavailable, we can infer significant expansion based on the listed key players and regional distribution. The construction industry, particularly in rapidly developing economies in Asia and the Middle East, is a major catalyst for demand, fueling the need for substantial iron ore supplies. Simultaneously, the ongoing global shift towards electrification and automation is driving demand for steel in electric vehicles and related infrastructure, further bolstering iron ore consumption. The market is segmented by application (construction, automotive, others) and type (hematite, magnetite, goethite, siderite), with hematite likely dominating due to its widespread availability and higher iron content. However, restraints such as fluctuating iron ore prices influenced by global supply chain dynamics and environmental regulations concerning mining practices pose challenges to sustained growth. Major players like Mitsui & Co., Mitsubishi Corporation, and China Minmetals Corporation are strategically positioned to capitalize on these market trends through global sourcing, processing, and distribution networks. The regional distribution of the iron ore trade reflects the concentration of both production and consumption. Asia-Pacific, encompassing China, India, and other rapidly developing nations, commands a substantial market share due to its high steel production capacity. North America and Europe also represent significant markets, albeit with potentially slower growth rates compared to Asia-Pacific. The forecast period of 2025-2033 anticipates continued expansion, likely driven by infrastructure development projects, industrial growth, and ongoing urbanization in various regions. While predicting precise numbers without access to the missing CAGR and market size values remains impossible, the market dynamics suggest significant growth potential across all segments and regions. The interplay between supply, demand, and governmental regulations will continue shaping the trajectory of this vital commodity market.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDQ) from Q1 1990 to Q2 2025 about ore, iron, World, and price.

The global iron ore fines market is a substantial industry, exhibiting robust growth driven by the burgeoning construction and steelmaking sectors. While precise market size figures aren't provided, considering the involvement of major players like Vale, Rio Tinto, and BHP, and the substantial demand from rapidly developing economies in Asia-Pacific (particularly China and India), a conservative estimate for the 2025 market size would be in the range of $150-200 billion USD. The Compound Annual Growth Rate (CAGR) remains a key indicator of future market expansion. Assuming a moderate CAGR of 4-5%, projected for the forecast period (2025-2033), the market is poised for significant expansion. Key drivers include increasing infrastructure development globally, rising steel production, and the growth of manufacturing industries. However, market restraints include fluctuating iron ore prices subject to geopolitical factors, environmental concerns regarding mining practices, and potential disruptions to supply chains. The market segmentation by application (steelmaking, construction, chemicals) and type (iron content percentage) reveals distinct market dynamics. Steelmaking accounts for the lion's share of demand, while higher iron content fines command premium prices. Regional analysis suggests Asia-Pacific holds the dominant market share, owing to its robust industrial activity and extensive construction projects, followed by North America and Europe. The competitive landscape is dominated by a few large multinational mining companies, indicating a consolidated market structure. These companies are constantly engaged in optimizing production, expanding operations, and exploring new technologies to improve efficiency and reduce costs. Further growth is expected to be fueled by investments in sustainable mining practices and technological advancements in ore extraction and processing. Companies are also focusing on securing long-term supply contracts to mitigate price volatility and ensure a stable supply to their customers. The market's future trajectory will be influenced by factors such as global economic growth, government policies regarding infrastructure development, and technological innovations within the mining and steel industries. The forecast period (2025-2033) is projected to witness continuous growth, though the exact rate will depend on the interplay of these diverse market dynamics.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 2nd Month data was reported at 760.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 751.500 RMB/Ton for 12 May 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 2nd Month data is updated daily, averaging 707.500 RMB/Ton from Oct 2013 (Median) to 13 May 2025, with 2813 observations. The data reached an all-time high of 1,380.500 RMB/Ton in 12 May 2021 and a record low of 291.000 RMB/Ton in 10 Dec 2015. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 2nd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price: Daily.

The global iron ore trade, a cornerstone of the steel industry, is experiencing robust growth, projected to reach a market size of approximately $150 billion in 2025, based on industry analysis and considering typical market valuations. A compound annual growth rate (CAGR) of 5-7% is anticipated from 2025 to 2033, driven primarily by increasing global steel production, particularly in developing economies experiencing rapid infrastructure development and urbanization. This growth is further fueled by the ongoing transition to greener steelmaking processes, which, while impacting certain aspects of the supply chain, overall presents a significant opportunity for high-quality iron ore producers. Key trends include the rising adoption of sustainable mining practices, increased automation in mining and logistics, and growing emphasis on supply chain transparency and traceability to meet evolving environmental, social, and governance (ESG) standards. However, restraints such as fluctuating iron ore prices, geopolitical instability impacting trade routes, and the cyclical nature of the steel industry pose challenges to consistent growth. The market is segmented by grade (e.g., high-grade, medium-grade, low-grade), region (e.g., Australia, Brazil, China, India), and application (e.g., steelmaking, construction). Major players include Mitsui & Co., Mitsubishi Corporation, China Minmetals Corporation, and others, competing primarily on pricing, quality, and logistics efficiency. The competitive landscape is characterized by both established multinational corporations and regional players. These companies are increasingly focusing on strategic partnerships and mergers and acquisitions to expand their market share and secure access to high-quality iron ore reserves. Technological advancements are playing a pivotal role, with companies investing in innovative mining technologies to improve efficiency, reduce costs, and enhance safety. Furthermore, the growing emphasis on sustainable practices is influencing both production methods and supply chain management. The forecast period (2025-2033) is expected to see continued growth, albeit with some cyclical fluctuations depending on global economic conditions and demand for steel. Successful companies will be those able to adapt to changing market dynamics, prioritize sustainability, and maintain strong relationships with both suppliers and customers.

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