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.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU10110555) from Dec 1997 to Sep 2025 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Iron ore prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 48.94 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.

View monthly updates and historical trends for Iron Ore Spot Price (Any Origin). Source: World Bank. Track economic data with YCharts analytics.

Explore the intricacies of iron ore spot price charts, essential for understanding price fluctuations in the steel industry. Discover how these charts, influenced by global demand, economic conditions, and geopolitical events, aid stakeholders in making informed decisions.

Explore the dynamics influencing iron ore prices with insights into supply-demand, geopolitical factors, and technological advancements, and understand their impact on steel industry health and global economic conditions.

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

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 intricacies of the iron ore price chart and its impact on global markets. Understand how factors like demand, supply, and sustainability trends influence iron ore prices, crucial for traders, economists, and industries relying on steel production.

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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

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.

Monthly and long-term iron ore price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

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.

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 dynamic fluctuations in iron ore prices as influenced by global economic conditions, demand from major steel producers, and supply disruptions. This article analyzes historical trends, including price peaks and troughs, and examines the multifaceted factors shaping the iron ore market over the decades.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores was 216.41600 Index Dec 1997=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores reached a record high of 231.25000 in April of 2023 and a record low of 99.20000 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores - last updated from the United States Federal Reserve on November of 2025.

United States PPI: Metals: IS: Iron Ore data was reported at 146.000 1982=100 in Jun 2018. This records an increase from the previous number of 140.400 1982=100 for May 2018. United States PPI: Metals: IS: Iron Ore data is updated monthly, averaging 82.800 1982=100 from Jan 1947 (Median) to Jun 2018, with 858 observations. The data reached an all-time high of 194.600 1982=100 in Apr 2012 and a record low of 20.100 1982=100 in Feb 1948. United States PPI: Metals: IS: Iron Ore data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

Explore how the Platts Iron Ore Index (IODEX) serves as a critical benchmark for global iron ore prices, reflecting market dynamics and economic factors affecting the industry. Understand the assessment process, pricing fluctuations, and their impact on steel manufacturing and global commodities markets.