Iron Ore fell to 96.71 USD/T on July 11, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.31%, but it is still 11.74% 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 July of 2025.

Iron Ore CNY rose to 766 CNY/T on July 11, 2025, up 0.20% from the previous day. Over the past month, Iron Ore CNY's price has risen 9.04%, but it is still 7.38% lower 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 Global price of Iron Ore (PIORECRUSDM) from Jan 1990 to May 2025 about ore, iron, World, and price.

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

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.

In 2024, the Indian iron ore market increased by 2.1% to $6.6B for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a drastic downturn. Iron ore consumption peaked at $13.6B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

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

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.

After two years of growth, the Canadian iron ore market decreased by -11.1% to $1.3B in 2024. Overall, consumption, however, saw a relatively flat trend pattern. Iron ore consumption peaked at $1.5B in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.

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

In 2019, the global iron ore market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, the total consumption indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Global consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

In 2024, the Chinese iron ore market was finally on the rise to reach $113.4B for the first time since 2021, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $153.2B. From 2022 to 2024, the growth of the market remained at a lower figure.

In 2024, the Ghanian iron ore market increased by 36% to $7.1K for the first time since 2021, thus ending a two-year declining trend. Overall, consumption saw tangible growth. As a result, consumption reached the peak level of $100K. From 2018 to 2024, the growth of the market remained at a somewhat lower figure.

The Puerto Rican iron ore market amounted to $X in 2018, remaining relatively unchanged 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 continues to indicate a relatively flat trend pattern.

In 2024, the Sudanese iron ore market decreased by -7.3% to $11M, falling for the third consecutive year after six years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $36.5B. From 2014 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Bangladeshi iron ore market was finally on the rise to reach $1.3M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption saw a buoyant increase. Iron ore consumption peaked at $3.8M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

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.

The global iron ore market size was valued at $279.35 billion in 2023 & is projected to grow from $290.25 billion in 2024 to $397.98 billion by 2032

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