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

In 2023, iron ore was worth an average of approximately 120 U.S. dollars per dry metric ton unit (dmtu), compared to only 29 U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over 200 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 214.43 U.S. dollars per dmtu in June 2021 down to a low of 96.24 U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at 51 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 207.98 million metric tons in 2004, to over one billion metric tons in 2018.

Iron Ore CNY decreased 77 CNY/T or 9.88% since the beginning of 2025, 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.

Explore the historical trends in iron ore pricing, a key indicator of industrial economic health, influenced by global demand, supply dynamics, and economic conditions. From early 2000s demand surges to COVID-19 impacts, understand the factors shaping iron ore prices.

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.

This statistic depicts the average annual prices for iron ore from 2014 through 2023, with forecasted figures for 2024 to 2026. In 2023, the average price for iron ore stood at 120.6 nominal U.S. dollars per dry metric ton.

India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data was reported at 4,757.000 INR/Ton in Feb 2025. This records a decrease from the previous number of 4,805.000 INR/Ton for Jan 2025. India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data is updated monthly, averaging 2,335.000 INR/Ton from Aug 2009 (Median) to Feb 2025, with 187 observations. The data reached an all-time high of 7,787.000 INR/Ton in Jul 2021 and a record low of 486.000 INR/Ton in Sep 2009. India Iron Ore: Average Sale Price: Fines: 62 - 65% 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 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

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

Explore the volatile history of iron ore prices influenced by global economic cycles, demand-supply dynamics, and geopolitical events, with a focus on China's industrial impact and recent market trends.

This dataset includes real-time and historical Iron Ore prices, global market insights, trading data, and demand forecasts provided by Bigmint.

United States - Producer Price Index by Industry: Iron Ore Mining was 200.24200 Index Dec 1984=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron Ore Mining reached a record high of 217.83400 in April of 2023 and a record low of 79.40000 in February of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron Ore Mining - last updated from the United States Federal Reserve on June of 2025.

Access global Iron Ore prices in locations such as South America, China, Southeast Asia and Africa. Includes monthly historical series and forecasts. Delivered via online charts, Excel, Power BI, and API. Free preview.

Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Orissa data was reported at 4,537.000 INR/Ton in Dec 2024. This records a decrease from the previous number of 4,674.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Orissa data is updated monthly, averaging 1,547.000 INR/Ton from Feb 2011 (Median) to Dec 2024, with 167 observations. The data reached an all-time high of 6,750.000 INR/Ton in Aug 2021 and a record low of 670.000 INR/Ton in Apr 2016. Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Orissa 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.

Kumba Iron Ore reported 5.19 in PE Price to Earnings for its fiscal semester ending in June of 2024. Data for Kumba Iron Ore | KIO - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last June in 2025.

Labrador Iron Ore reported CAD7.11M in Cost of Sales for its fiscal quarter ending in March of 2025. Data for Labrador Iron Ore | LIF - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last June in 2025.

China Import Price: Iron Ore & Concentrate: Asia: Thailand data was reported at 96.706 USD/Ton in Mar 2025. This records a decrease from the previous number of 104.024 USD/Ton for Jan 2025. China Import Price: Iron Ore & Concentrate: Asia: Thailand data is updated monthly, averaging 108.101 USD/Ton from Jan 2008 (Median) to Mar 2025, with 143 observations. The data reached an all-time high of 15,000.000 USD/Ton in Jun 2019 and a record low of 28.280 USD/Ton in Feb 2018. China Import Price: Iron Ore & Concentrate: Asia: Thailand 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.

China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data was reported at 18,100.000 USD/Ton in Sep 2024. This records an increase from the previous number of 13,087.049 USD/Ton for Oct 2023. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data is updated monthly, averaging 13,043.524 USD/Ton from May 2014 (Median) to Sep 2024, with 10 observations. The data reached an all-time high of 36,100.000 USD/Ton in Jun 2021 and a record low of 228.333 USD/Ton in Aug 2020. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe 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.

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.

China Import Price: Iron Ore & Concentrate: Latin America: Brazil data was reported at 96.758 USD/Ton in Mar 2025. This records a decrease from the previous number of 103.860 USD/Ton for Feb 2025. China Import Price: Iron Ore & Concentrate: Latin America: Brazil data is updated monthly, averaging 104.955 USD/Ton from Jan 2008 (Median) to Mar 2025, with 205 observations. The data reached an all-time high of 209.442 USD/Ton in Jul 2021 and a record low of 44.836 USD/Ton in Feb 2016. China Import Price: Iron Ore & Concentrate: Latin America: Brazil 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.