Iron Ore fell to 100.92 USD/T on August 6, 2025, down 0.43% from the previous day. Over the past month, Iron Ore's price has risen 5.99%, but it is still 0.78% lower than a year ago, 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 August of 2025.

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

Iron Ore CNY rose to 787 CNY/T on August 1, 2025, up 0.06% from the previous day. Over the past month, Iron Ore CNY's price has risen 8.25%, and is up 1.03% compared to the same time last year, 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.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDQ) from Q1 1990 to Q2 2025 about ore, iron, World, and price.

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 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.

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.

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.

This dataset shows the international price for iron ore and scrap (raw materials required for steel making)

Explore the dynamics influencing international iron ore prices, including China's industrial policies, supply challenges in Australia and Brazil, and the impact of the global shift towards renewable energy. Understand how these factors shape market trends and future forecasts for the steelmaking industry.

Explore the factors influencing international iron ore prices, from demand and supply to global economic conditions. Learn about key players like Australia, China, and major mining companies, and how they impact the market.

India Iron Ore: Average Sale Price: Fines: 55 - 58% Fe data was reported at 3,484.000 INR/Ton in Feb 2025. This records an increase from the previous number of 3,463.000 INR/Ton for Jan 2025. India Iron Ore: Average Sale Price: Fines: 55 - 58% Fe data is updated monthly, averaging 1,556.000 INR/Ton from Feb 2011 (Median) to Feb 2025, with 168 observations. The data reached an all-time high of 4,483.000 INR/Ton in Feb 2024 and a record low of 619.000 INR/Ton in Jan 2016. India Iron Ore: Average Sale Price: Fines: 55 - 58% 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.

Manganese traded flat at 29.75 CNY/mtu on August 1, 2025. Over the past month, Manganese's price has risen 1.02%, but it is still 13.14% lower than a year ago, 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 August of 2025.

According to Cognitive Market Research, the global Magnetite Iron Ore market size will be USD 89514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 35805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 26854.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 20588.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4475.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1790.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The magnetite category is the fastest growing segment of the Magnetite Iron Ore industry

Market Dynamics of Magnetite Iron Ore Market

Key Drivers for Magnetite Iron Ore Market

Growing Urbanization and Industrialization to Boost Market Growth

Steel manufacture uses magnetite as a raw material. Global demand for steel has increased due to the fast growth of both industrialization and urbanization. With a high iron concentration of up to 70%, magnetite iron ore is a fine iron ore that is sought after for use in the making of steel. A number of industries have experienced tremendous expansion recently, including manufacturing, construction, and the automobile sector. The market for magnetite iron ore has been adversely affected by this. Important technology advancements in the mining industry have also accelerated the shift to automation and spawned new technological advancements. This has improved efficiency in the mining sector and the market for magnetite iron ore while lowering labor costs.

Increasing Requirement for High-Grade Iron Ore to Drive Market Growth

There are growing prospects for expansion because of the increasing demand from steel producers for high-grade iron ore. Phosphorus, silica, and other impurities are present in small amounts in magnetite iron ore, but iron content is high. Due to its minimal greenhouse gas emissions, using high-grade iron ore lessens its impact on the environment. This aids producers in meeting air quality standards and lessening their carbon footprint in accordance with government laws. By employing cutting-edge land rehabilitation strategies, low-impact mining methods, and recycling mining waste, mining operations have a smaller negative environmental impact. Enterprises have the chance to employ electric-powered machinery to lower their carbon emissions and adopt an environmentally sustainable approach.

Restraint Factor for the Magnetite Iron Ore Market

High Price of Iron Ore Will Limit Market Growth

The price of iron ore internationally varies due to a number of factors, including disruptions in supply, changes in geopolitical situations, and variations in demand. These factors impact the cost of raw materials for the magnetite iron ore market. In the magnetite iron ore market, volatile prices discourage investment and have an adverse effect on profitability. Governments are enacting laws to incentivize companies to reduce their greenhouse gas emissions. In order to abide by these strict restrictions, which have an effect on their profit margins and restrict their expansion, businesses must invest in energy-efficient and renewable technologies.

Energy-Intensive Processing Requirements

One major restraint in the magnetite iron ore market is the high energy consumption required for processing magnetite into usable iron ore concentrates. Unlike hematite, magnetite has a lower iron content in its natural form and typically requires extensive beneficiation processes such as grinding, magnetic separation, and concentration. These processes are energy-intensive and result in higher operational costs and environmental impact, particularly in regions where electricity or fuel costs are high or where sustainability regulations are strict. This can discou...

According to Cognitive Market Research, the global Iron Ore Mining Market size is USD 191548.25 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD 1086.08 million in 2024, it will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 814.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 624.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and will be USD 135.76 million in 2024, growing at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 54.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Construction held the highest Iron Ore Mining Market revenue share in 2024.

Market Dynamics of Iron Ore Mining Market

Key Drivers of Iron Ore Mining Market

Increasing Economic Growth and Industrialization

Economic growth, particularly in emerging economies like China and India, drives the demand for steel, which in turn fuels the demand for iron ore. Rapid urbanization and industrialization increase infrastructure and construction activities, boosting the need for steel products and thus stimulating iron ore mining. The steel industry is a primary consumer of iron ore. Any changes in steel production, influenced by factors such as construction projects, automotive manufacturing, and machinery production, directly impact the demand for iron ore.

Technological Advancements Opportunities To Propel Market Growth

Innovations in mining technologies enhance efficiency, reduce costs, and improve safety in iron ore extraction. Automation, remote monitoring, and data analytics play significant roles in optimizing operations, driving productivity, and increasing competitiveness in the market. Investments in infrastructure projects, including transportation networks, energy systems, and urban development, create demand for steel and, consequently, iron ore. Government initiatives aimed at infrastructure development can spur iron ore mining activities. Trade policies, tariffs, and geopolitical tensions influence the international flow of iron ore. Changes in trade agreements and tariffs imposed on steel and iron ore imports and exports can disrupt market dynamics, affecting prices and trade volumes.

Restraint Factors Of Iron Ore Mining Market

Community Opposition and Social License to Operate To Limit The Sales

Local communities often oppose mining projects due to concerns about environmental impacts, land rights, and social disruption. Conflict between mining companies and indigenous or rural communities can delay or halt operations, resulting in financial losses and reputational damage. Maintaining a social license to operate requires companies to engage with stakeholders, address grievances, and implement sustainable development initiatives, adding complexity and uncertainty to project planning and execution.

Impact of COVID-19 on the Iron Ore Mining Market

Lockdowns and restrictions imposed to contain the spread of the virus disrupted global supply chains, including those related to iron ore mining. Mining operations faced challenges such as labor shortages, logistical bottlenecks, and reduced access to essential inputs like equipment and spare parts. These disruptions led to delays in production and shipment, affecting the overall supply of iron ore to the market. The uncertainty surrounding the pandemic and its economic consequences contributed to heightened volatility in iron ore prices. Initially, demand uncertainty and concerns about steel production led to price declines. However, as economic activity resumed and stimulus measures were implemented, demand for steel rebounded, driving iron ore prices to record highs. Fluctuations in prices created challenges for both producers and consumers in managing their operations and financial planning. Introduction of the Iron Ore Mining Market

Iron ore mining is the process of extracting ...

The global iron ore processing equipment market is experiencing robust growth, driven by the increasing demand for steel and iron ore globally. The market size in 2025 is estimated at $15 billion, demonstrating substantial growth from the previous years. While precise historical data is unavailable, a compound annual growth rate (CAGR) of 6% is projected from 2025 to 2033, suggesting a market value exceeding $25 billion by 2033. This growth is fueled by several key factors: the expanding global infrastructure development, particularly in emerging economies like China and India, necessitates a higher steel production, leading to an amplified demand for efficient and advanced processing equipment. Furthermore, technological advancements, such as the incorporation of automation and AI in mining and processing operations, are improving productivity and reducing operational costs, driving further market expansion. While challenges exist, including fluctuating iron ore prices and environmental regulations impacting mining practices, the overall market outlook remains positive. Key players like Metso, FEECO International, ANDRITZ Group, Bühler, and Siemens are strategically investing in research and development to enhance their product offerings and cater to the evolving needs of the industry. This involves developing equipment that is more energy-efficient, environmentally friendly, and capable of processing lower-grade ores, ensuring sustained market growth in the coming years. The competitive landscape is characterized by both established multinational corporations and regional players. Established companies benefit from strong brand recognition and global reach, whereas smaller companies often focus on niche markets or offer specialized solutions. The market is witnessing strategic collaborations and mergers and acquisitions, aiming to enhance technological capabilities and expand market share. Furthermore, regional variations in demand exist, with regions experiencing rapid industrialization demonstrating higher growth rates. The market segmentation includes various equipment types like crushers, grinders, separators, and beneficiation systems, each segment exhibiting specific growth trajectories depending on the prevailing technological advancements and operational demands of the mining industry. Overall, the market's trajectory signifies attractive opportunities for both established and emerging players.

Coal fell to 114.50 USD/T on August 6, 2025, down 0.26% from the previous day. Over the past month, Coal's price has risen 4.57%, but it is still 21.03% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on August of 2025.

The iron processing market, currently valued at $479.4 million in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033. This growth is driven by several factors. The burgeoning construction industry globally, particularly in developing economies, fuels a significant demand for iron and steel products. Furthermore, advancements in iron processing technologies, including increased automation and the adoption of more efficient smelting techniques, contribute to improved productivity and reduced costs. The automotive sector, a major consumer of high-quality steel, also plays a crucial role in driving market expansion. However, fluctuating iron ore prices and environmental regulations concerning emissions from iron processing facilities present challenges to sustained growth. The market is witnessing a gradual shift towards sustainable practices, with companies increasingly investing in cleaner production methods and utilizing recycled iron to mitigate environmental impact. The competitive landscape is moderately concentrated, with key players such as Fortin Ironworks, Stewart Iron Works, and Moran Iron Works holding significant market share. These established players are focusing on expanding their geographical reach and product portfolios to maintain their competitive edge. The emergence of new technologies and the increasing importance of sustainability are likely to reshape the competitive dynamics in the coming years, potentially leading to further consolidation or the entry of new players focusing on innovative and environmentally friendly processing methods. Regional variations in demand are anticipated, with regions experiencing rapid industrialization and infrastructure development exhibiting higher growth rates. Market segmentation by product type (e.g., pig iron, steel billets, etc.) and application (e.g., construction, automotive, manufacturing) could provide a more granular understanding of market trends and growth drivers.

Explore the complex dynamics affecting Chinese iron ore prices as of October 2023, influenced by domestic steel demand, international supply disruptions, and global market trends, impacting economic and industrial activities.