Iron Ore fell to 94.47 USD/T on June 30, 2025, down 0.02% from the previous day. Over the past month, Iron Ore's price has fallen 1.54%, and is down 12.53% 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 July of 2025.

In May 2024, iron ore was valued at approximately 119 U.S. dollars per dry metric ton unit (dmtu), as compared to 105 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 30 U.S. dollars, and increased to a high of 168 U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from 139.87 U.S. dollars per dry metric ton unit in March 2013 to 40.50 U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to 214.14 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 960 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 280 million metric tons in 2023.

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

Iron Ore CNY rose to 716.50 CNY/T on June 27, 2025, up 2.36% from the previous day. Over the past month, Iron Ore CNY's price has risen 2.43%, but it is still 13.15% lower 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.

Iron ore prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 48.62 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

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.

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

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU1011) from Jan 1947 to May 2025 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Iron Ore in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This statistic depicts the average monthly prices for iron ore worldwide from January 2014 through January 2025. In January 2025, the average monthly price for iron ore worldwide stood at ***** nominal U.S. dollars per dry metric ton.

China Export Price: Iron Ore & Concentrate data was reported at 109.821 USD/Ton in Mar 2025. This records an increase from the previous number of 101.512 USD/Ton for Feb 2025. China Export Price: Iron Ore & Concentrate data is updated monthly, averaging 135.109 USD/Ton from Jan 2008 (Median) to Mar 2025, with 205 observations. The data reached an all-time high of 1,112.560 USD/Ton in Feb 2015 and a record low of 57.833 USD/Ton in Jan 2010. China Export Price: Iron Ore & Concentrate data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data was reported at 3,714.000 INR/Ton in Feb 2025. This records a decrease from the previous number of 3,786.000 INR/Ton for Jan 2025. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data is updated monthly, averaging 1,988.000 INR/Ton from Feb 2011 (Median) to Feb 2025, with 169 observations. The data reached an all-time high of 4,775.000 INR/Ton in Aug 2021 and a record low of 819.000 INR/Ton in Dec 2015. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data remains active status in CEIC and is reported by Indian Bureau of Mines. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC009: Iron Ore Average Sale Price.

Iron Ore Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

CN: China Iron Ore Price Index (CIOPI) data was reported at 244.040 Apr1994=100 in 06 Dec 2018. This records a decrease from the previous number of 247.840 Apr1994=100 for 05 Dec 2018. CN: China Iron Ore Price Index (CIOPI) data is updated daily, averaging 245.480 Apr1994=100 from Sep 2011 (Median) to 06 Dec 2018, with 1327 observations. The data reached an all-time high of 596.870 Apr1994=100 in 09 Sep 2011 and a record low of 148.990 Apr1994=100 in 16 Dec 2015. CN: China Iron Ore Price Index (CIOPI) data remains active status in CEIC and is reported by China Iron and Steel Association. The data is categorized under China Premium Database’s Price – Table CN.PG: China Iron Ore Price Index (CIOPI): Daily.

Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand data was reported at 6,302.000 INR/Ton in Jan 2022. This records an increase from the previous number of 2,438.000 INR/Ton for Mar 2021. Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand data is updated monthly, averaging 2,343.000 INR/Ton from Feb 2011 (Median) to Jan 2022, with 91 observations. The data reached an all-time high of 6,302.000 INR/Ton in Jan 2022 and a record low of 1,130.000 INR/Ton in Apr 2016. Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand data remains active status in CEIC and is reported by Indian Bureau of Mines. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC009: Iron Ore Average Sale Price.

China Import Price: Iron Ore & Concentrate: Europe: Ukraine data was reported at 117.636 USD/Ton in Mar 2025. This records a decrease from the previous number of 119.834 USD/Ton for Feb 2025. China Import Price: Iron Ore & Concentrate: Europe: Ukraine data is updated monthly, averaging 120.714 USD/Ton from Jan 2008 (Median) to Mar 2025, with 194 observations. The data reached an all-time high of 260.261 USD/Ton in Jul 2021 and a record low of 48.818 USD/Ton in Feb 2016. China Import Price: Iron Ore & Concentrate: Europe: Ukraine data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

In June 2022, the iron ore price per ton amounted to $107 per ton, picking up by 18% against the previous month.

Iron Ore Price in Vietnam - 2021. Find the latest marketing data on the IndexBox platform.

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 (83.50 U.S. dollars per metric ton) as compared to the average price in 2019 (90.40 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.

Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

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