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.

Discover the key factors influencing iron bar prices per kilogram, including supply and demand dynamics, raw material costs, energy prices, exchange rates, and geopolitical events. Understanding these can aid in planning construction and manufacturing projects.

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.

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 Q3 2025, USA, the Grey Cast Iron Price Index rose by 2.45% quarter-over-quarter, reflecting supplier adjustments. Check detailed insights for Europe and APAC.

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 complex factors affecting the fluctuating price of iron per kilogram, including market demand, production costs, global economic conditions, and geopolitical influences. Understand how base prices, processing, and regional variations impact costs in different market segments.

Explore the factors affecting iron angle prices, including raw material costs, production expenses, transportation, market competition, and economic conditions. Understand how global demand, regulatory standards, and trade policies impact pricing dynamics.

Serbia Average Retail Price: Building Materials: Concrete Iron data was reported at 80.770 RSD/kg in 2016. This records a decrease from the previous number of 89.550 RSD/kg for 2015. Serbia Average Retail Price: Building Materials: Concrete Iron data is updated yearly, averaging 43.290 RSD/kg from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 89.550 RSD/kg in 2015 and a record low of 4.070 RSD/kg in 1997. Serbia Average Retail Price: Building Materials: Concrete Iron data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.P001: Average Retail Prices.

Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data was reported at 4,070.000 INR/Ton in Dec 2024. This records an increase from the previous number of 3,948.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data is updated monthly, averaging 2,200.000 INR/Ton from Apr 2011 (Median) to Dec 2024, with 141 observations. The data reached an all-time high of 5,612.000 INR/Ton in Aug 2021 and a record low of 1,038.000 INR/Ton in Jun 2018. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh 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.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

In 2024, the average price of iron oxide in the United States was estimated at *** U.S. dollars per kilogram, a slight decrease in comparison to the price reported in the previous year. Nevertheless, when compared to 2019, iron oxide prices in the North American country have nearly tripled. Iron oxide pigments are commonly used in concrete and other building materials.

Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data was reported at 105.306 2005=100 in Dec 2013. This stayed constant from the previous number of 105.306 2005=100 for Nov 2013. Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data is updated monthly, averaging 106.362 2005=100 from Jan 2005 (Median) to Dec 2013, with 108 observations. The data reached an all-time high of 151.490 2005=100 in Sep 2008 and a record low of 93.348 2005=100 in Jan 2010. Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EA008: Construction Materials Price Index: 2005=100.

In 2024, the Nigerien iron ore market decreased by -69.2% to $426K, falling for the third consecutive year after six years of growth. Overall, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $4.9M. From 2022 to 2024, the growth of the market remained at a lower figure.

The revenue of the iron bar market in Malta amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, iron bar consumption continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Malta iron bar consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

In 2023, approx. 77 tons of pig iron and spiegeleisen were imported into Morocco; which is down by -90.2% against the previous year.

Iron is versatile and is used as a material in numerous industrial sectors. Engine and body parts are cast for the automotive industry, for example. As an upstream industry and supplier of a large number of cast products, iron foundries play a key role in the German economy. This is one of the reasons why turnover has grown at an average annual rate of 4.8% over the past five years.However, due to its close interdependence with Germany's industrial sectors, the industry is heavily dependent on the economy. This makes the weak industry development since 2023 all the more serious. The recent stagnation of the German economy is due to the particular burden of high energy prices and increased interest rates, combined with restrained global export demand and unresolved structural problems such as excessive bureaucracy and investment backlogs. Production volumes also declined in the years 2022 to 2024, with demand for machinery, motor vehicles and rail vehicles falling in particular. This is having a particularly negative impact on the iron foundry sector. The development of the raw material price for iron ore also has a decisive influence on the manufacturing costs of iron products. Iron prices are expected to fall in 2025, which will increase competitiveness but also reduce turnover. As a result, sales are expected to fall by 2.8% compared to the previous year, with sales totalling €7.6 billion. High energy costs continue to weigh on profit margins.Increasing competition from Eastern European suppliers and the rising demand for light metals will continue to pose a challenge for iron foundries in the future, which they are meeting by investing in the development of new and more market-orientated products. Over the next five years, industry turnover is expected to increase by an average of 1.2% per year. IBISWorld is forecasting industry turnover of 8 billion euros for 2030. At the same time, the next few years will be characterised by high costs, as has already been the case in the past. In view of the increasing pressure from imports, the number of businesses and companies is likely to decline.

The Uzbek market for raw steel and pig iron dropped markedly to $135K in 2024, shrinking by -45.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt decrease. Raw steel and pig iron consumption peaked at $2M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

In the fiscal year 2023, the average market price of iron and steel scrap delivered in Japan was around ***** thousand Japanese yen per metric ton. This was a decrease compared to the preceding year.

Daily updated price list of iron scrap categories including HMS 1&2, shredded scrap, cast iron, and other ferrous materials across major Indian markets.