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.

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.

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.

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.

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).

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 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.

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.

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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

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: 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.

Explore the current trends affecting iron ore prices, including global demand, production disruptions, and economic conditions. Understand how major factors like construction slowdowns and geopolitical shifts impact the market, with insights from experts on the future price outlook.

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

Explore the complexities of predicting iron ore prices influenced by demand-supply dynamics, geopolitical tensions, economic trends, and technological shifts. Understand the impact of global events and regional demand from China and India on future market trajectories.

China Settlement Price: Dalian Commodity Exchange: Iron Ore: 3rd Month data was reported at 794.500 RMB/Ton in 02 Dec 2025. This records an increase from the previous number of 791.500 RMB/Ton for 01 Dec 2025. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 3rd Month data is updated daily, averaging 618.500 RMB/Ton from Oct 2013 (Median) to 02 Dec 2025, with 2951 observations. The data reached an all-time high of 1,382.500 RMB/Ton in 12 May 2021 and a record low of 293.000 RMB/Ton in 10 Dec 2015. China Settlement Price: Dalian Commodity Exchange: Iron Ore: 3rd 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.

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 Turnover: Value: Dalian Commodity Exchange: Iron Ore data was reported at 38,824.475 RMB mn in 13 May 2025. This records a decrease from the previous number of 50,876.686 RMB mn for 12 May 2025. China Turnover: Value: Dalian Commodity Exchange: Iron Ore data is updated daily, averaging 71,932.236 RMB mn from Oct 2013 (Median) to 13 May 2025, with 2813 observations. The data reached an all-time high of 444,834.774 RMB mn in 10 Mar 2016 and a record low of 1,621.460 RMB mn in 10 Dec 2013. China Turnover: Value: Dalian Commodity Exchange: Iron Ore 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: Turnover: Daily.

The global iron ore metals market, valued at $158,480 million in 2025, is poised for significant growth. While the exact CAGR isn't provided, considering the substantial demand driven by the steel and chemical industries, a conservative estimate of a 5% CAGR over the forecast period (2025-2033) is reasonable. This growth is fueled by the burgeoning construction sector globally, particularly in developing economies experiencing rapid urbanization and infrastructure development. Increased steel production, a primary application of iron ore, directly correlates with market expansion. Technological advancements in mining and processing techniques, improving efficiency and yield, further contribute to the market's positive trajectory. However, price volatility in the commodity market, fluctuating energy costs, and the environmental concerns related to mining activities pose potential restraints. The market is segmented by type (hematite, magnetite, others) and application (steel, chemical industry, others), with the steel industry dominating consumption. Leading players like Vale SA, Rio Tinto, and BHP Billiton significantly influence market dynamics through their production capabilities and global reach. Regional analysis shows a strong presence in Asia-Pacific, driven by China and India’s robust industrial growth, while North America and Europe also contribute significantly. The market's future depends on several factors. Sustained growth in infrastructure projects across the globe, coupled with government initiatives promoting industrialization in developing nations, will support demand. However, efforts toward sustainable mining practices and the implementation of environmentally friendly technologies are crucial to mitigating the environmental impact and ensuring long-term market stability. The increasing adoption of electric arc furnaces (EAF) in steel production, while potentially impacting iron ore demand in the long term, may be offset by growth in other applications like the chemical industry. Strategic partnerships, mergers, and acquisitions among key players could reshape the competitive landscape in the coming years. Continuous innovation in mining technologies and efficient resource management will be key determinants of future market performance. Therefore, a balanced approach focusing on both growth and sustainability will be critical for the continued success of the iron ore metals market.

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.