Iron Ore rose to 106.94 USD/T on December 1, 2025, up 2.00% from the previous day. Over the past month, Iron Ore's price has risen 1.04%, and is up 1.54% 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 December of 2025.

This statistic depicts the average annual prices for iron ore from 2014 through 2024, with forecasted figures for 2024 to 2026. In 2024, the average price for iron ore stood at 109.4 nominal U.S. dollars per dry metric ton.

Explore the factors influencing iron ore prices, including demand from the steel industry, supply disruptions, and global economic trends. Learn where to find live updates on iron ore futures for informed decision-making.

Iron Ore CNY rose to 794 CNY/T on November 28, 2025, up 0.70% from the previous day. Over the past month, Iron Ore CNY's price has fallen 1.31%, but it is still 0.13% 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 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.

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Iron Ore Market Size 2025-2029

The iron ore market size is valued to increase USD 60.9 billion, at a CAGR of 3.3% from 2024 to 2029. Upsurge in the consumption of high-strength iron ore and steel will drive the iron ore market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 89% growth during the forecast period.
By Product - Fines segment was valued at USD 165.60 billion in 2023
By Source - Surface mining segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.20 billion
Market Future Opportunities: USD 60.90 billion
CAGR from 2024 to 2029 : 3.3%

Market Summary

Amidst the global economic recovery, the market experiences a significant surge in demand, driven primarily by the consumption of high-strength iron ore in the production of steel. This trend is particularly pronounced in emerging economies like China and India, where economic growth continues to fuel the demand for stainless steel. The market, a high capital investment sector, is expected to maintain its momentum, with industry analysts projecting a value of USD 150 billion by 2025. Despite challenges such as environmental concerns and supply chain disruptions, the market's resilience is evident, underpinned by the indispensable role of iron ore in infrastructure development and industrial growth.
The market's evolution reflects the interconnectedness of global economies and the ongoing quest for sustainable, high-performance materials.

What will be the Size of the Iron Ore Market during the forecast period?

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How is the Iron Ore Market Segmented ?

The iron ore industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fines
  Pellets
  Lump
  HBI/DRI


Source

  Surface mining
  Underground mining


End-use

  Steel Manufacturers
  Construction Industry
  Automotive Industry


Application

  Steelmaking
  Construction
  Automotive
  Others
  Non-Steel Applications


Production Process

  Blast Furnace (BF)
  Direct Reduced Iron (DRI)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The fines segment is estimated to witness significant growth during the forecast period.

In the dynamic and complex realm of the market, this essential steelmaking raw material undergoes continuous exploration and production using various methods. Mining techniques span open-pit and underground operations, with geophysical survey data informing the discovery of new mineral resources. Exploration relies on advanced drilling methods, while geological modeling and mineral resource assessment aid in ore grade estimation and mine planning. The ironmaking process is optimized through the application of innovative techniques, such as sintering process optimization and iron ore pelletization. In the sintering process, fine iron ore fines are blended with coke breeze, limestone, and recycled sinter particles, creating a porous, cohesive mass.

This sinter is then fed into the blast furnace, enhancing the efficiency of the ironmaking process. Environmental considerations are paramount in modern mining operations. Mine water management and dust suppression systems are crucial for minimizing environmental impact. Additionally, production cost analysis and mine waste management are essential for maintaining profitability and sustainability. The iron ore characterization and beneficiation processes employ magnetic separation methods and flotation cell design to improve ore quality. These techniques ensure the removal of impurities and the concentration of valuable iron ore particles, contributing to the overall efficiency of the mining and production process. As the industry evolves, mine safety regulations and transportation logistics continue to be critical factors in the success of iron ore mining operations.

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The Fines segment was valued at USD 165.60 billion in 2019 and showed a gradual increase during the forecast period.

The integration of advanced technologies, such as particle size distribution analysis and blast furnace operation optimization, further enhances the productivity and profitability of these ventures. A single data point illustrates the significance of fine iron ore in the industry: the global market for iron ore fines is projected to reach a value of USD120 billion by 2027, underscoring their importance as a key component in the

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).

Iron ore prices in June 2025 saw fluctuations with September futures on the DCE slightly decreasing, while July contracts on the Singapore Exchange faced more pressure. Despite weak Chinese demand, market stability signs and potential seasonal recovery were observed.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 1st Month data was reported at 803.500 RMB/Ton in Nov 2025. This records a decrease from the previous number of 809.000 RMB/Ton for Oct 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 1st Month data is updated monthly, averaging 803.000 RMB/Ton from Oct 2013 (Median) to Nov 2025, with 146 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.

Explore the factors influencing iron ore prices, from demand in major steel-producing countries to supply disruptions, and understand the historical fluctuations in pricing, including the impact of the COVID-19 pandemic, and what factors may shape future price movements.

Iron ore miners have faced difficult trading conditions because of easing iron ore prices over the past few years, despite the nation maintaining its status as the world's largest iron ore supplier and benefiting from proximity to Asian markets. However, modest growth in production volumes has partly offset revenue declines. Industry revenue is expected to have sunk at an annualised 1.7% over the five years through 2024-25, to $131.5 billion. Easing iron ore prices, driven primarily by a slowdown in China's construction sector and soaring supply, are weighing on iron ore miners' revenue and export values. Despite an economic stimulus from the Chinese government aimed at its property sector, iron ore prices are poised to remain low throughout 2024-25, prompting an anticipated revenue slump of 18.0% over the year. Iron ore prices remained volatile in the first half of 2025, with sweeping US tariffs initially weakening market sentiment and pushing prices down. The following scaling back of these tariffs helped fuel a partial recovery in iron ore prices. The industry’s profitability has eroded over recent years – including an expected drop in 2024-25 – because of lower prices and soaring input costs. Australia's domestic iron ore production has grown from 911.1 million tonnes in 2019-20 to an estimated 968.7 million tonnes in 2024-25. Expansion plans and investments by prominent producers like BHP, Rio Tinto and Fortescue in projects like the South Flank, Gudai-Darri and Iron Bridge operations have fuelled this growth. Rising input expenses, attributable to inflation and labour shortages, along with weak iron ore prices, are forcing producers to undertake aggressive cost-slashing measures, prompting market leaders to undertake job cuts and maintain lean operations. Operating at a lower end of the cost curve will be crucial for Australian iron ore miners to ride out market volatility over the coming years. While Australia is on track to ramp up production to over 1.0 billion tonnes by 2026-27, iron ore prices are projected to fall over the five years through 2029-30 because of surging supply from producers in Australia and Brazil and new mines like the Simandou project. Iron ore miners' revenue is forecast to contract at an annualised 3.9% over the five years through 2029-30, to $107.8 billion. Major companies are set to continue dominating the iron ore mining sector due to several expansion projects. The industry focus will likely shift towards emerging opportunities in the green iron and steel market, spurred by initiatives like the $1.0 billion Green Iron Investment Fund.

Iron Ore 62% fe stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Explore the multifaceted factors influencing international iron ore prices, including demand from the steel industry, supply conditions in leading exporting countries, macroeconomic trends, and speculative activities. Understand how these elements affect market dynamics, historical trends, and future developments.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 4th Month data was reported at 787.500 RMB/Ton in Nov 2025. This records a decrease from the previous number of 797.000 RMB/Ton for Oct 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 4th Month data is updated monthly, averaging 621.500 RMB/Ton from Oct 2013 (Median) to Nov 2025, with 146 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 Iron Ore Marketsize was valued at USD 279.35 Kiloton in 2023 and is projected to reach USD 372.58 Kiloton by 2032, exhibiting a CAGR of 4.2 % during the forecast period. Recent developments include: October 2023: Rio Tinto announced plans to increase its Gudai-Darri iron ore mine production capacity to 50 million tons per year. The capacity increase would be achieved through upgrades, including improvements to conveyor belts and chutes, as well as utilization of an existing crushing and screening facility on site., February 2023: Fortescue Metals Group Ltd., through its incorporated joint venture company Ivindo Iron SA (Ivindo Iron), signed the Mining Convention for the Belinga Iron Ore Project (Belinga Project) in Gabon with the Gabonese Republic. This agreement opened growth opportunities for Fortescue Metals and Fortescue Future Industries (FFI) throughout Africa., June 2022: Rio Tinto and the Salzgitter Group signed an MOU (Memorandum of Understanding) to work together toward carbon-free steelmaking. They are studying the optimization of Rio Tinto’s high-quality Australian and Canadian iron ore products for use in Salzgitter’s SALCOS green steel project in Germany. Under the MOU, the company would explore the potential for iron ore pellets, fines, and lumps in hydrogen direct reduction steelmaking. The two companies also explored the potential for greenhouse gas emission certification across the steel value chain.. Key drivers for this market are: Global Urbanization and Industrialization to Encourage Market Growth. Potential restraints include: Technological Shifts and Availability of Alternative Methods to Hamper Market Growth . Notable trends are: Growing Government Infrastructure Projects in Developing Regions to Provide Beneficial Market Opportunities.

Manganese traded flat at 29.85 CNY/mtu on November 28, 2025. Over the past month, Manganese's price has risen 0.34%, and is up 2.05% compared to the same time last year, 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 December of 2025.

Discover the latest insights into the booming iron ore market, projected to surpass $300 billion by 2033. This comprehensive analysis covers market size, growth drivers, regional trends, key players (Vale, Rio Tinto, BHP), and future forecasts. Learn about the impact of steel production, chemical industry demand, and sustainability concerns on this vital commodity.

The global lump iron ore market is a significant segment within the broader iron and steel industry, characterized by substantial market size and consistent growth. While precise figures for market size and CAGR are unavailable, industry analysis suggests a market valued in the tens of billions of dollars, exhibiting a moderate to robust Compound Annual Growth Rate (CAGR) – likely in the range of 3-5% – driven primarily by the sustained demand from the steel industry, particularly in rapidly developing economies like China and India. This growth is further fueled by infrastructure development projects globally and the increasing use of steel in construction, automotive, and manufacturing sectors. However, the market also faces constraints, including fluctuating iron ore prices influenced by global economic conditions and supply chain disruptions, environmental regulations concerning mining practices, and the increasing adoption of alternative materials in certain applications. Major players like Rio Tinto, BHP, Vale, and Anglo American dominate the market landscape, leveraging their substantial mining operations and global distribution networks. The market is segmented by region (e.g., Asia-Pacific, North America, Europe), grade of ore, and customer type (e.g., steel mills, foundries). Future growth will depend on several factors including the global economic outlook, infrastructure investment cycles, technological advancements in steel production, and the development of sustainable mining practices to address environmental concerns. Competitive pressures will likely remain intense, with ongoing efforts by major players to optimize production efficiency, expand mining capacity, and secure long-term supply contracts. The diversification of sourcing regions and the adoption of advanced mining technologies will also play a significant role in shaping the market's future trajectory. The analysis suggests a considerable potential for growth, particularly in regions with burgeoning industrialization and infrastructure development. However, navigating the inherent volatility in commodity markets and adapting to environmental regulations will be crucial for sustained success within this sector.

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.

Learn about the future outlook for the iron ore market in the European Union, with an expected increase in demand and consumption over the next decade. Forecasts indicate a steady growth in market volume and value, with a projected CAGR of +0.6% and +1.4% respectively from 2024 to 2035, leading to a market volume of 108M tons and a value of $15.1B by the end of 2035.