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.

Explore the critical role of iron ore market indices in determining ore prices essential for steel production. Discover insights on leading indices like Platts IODEX, MBIOI, and TSI, and learn how real-time data and sustainability impact market trends, production decisions, and pricing strategies in the evolving global iron ore industry.

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.

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 (PIORECRUSDM) from Jan 1990 to May 2025 about ore, iron, World, and price.

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.

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

LME Index rose to 4,186.60 Index Points on July 10, 2025, up 0.71% from the previous day. Over the past month, LME Index's price has risen 1.61%, but it is still 0.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on July of 2025.

The global Dry Bulk Shipping market will expand significantly by xx% CAGR between 2024 and 2031.

The demand for iron ore commodity types is rising in the global Dry Bulk Shipping market. 


Demand for capsized vessel types is rising in the global Dry Bulk Shipping market. 


Asia Pacific region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current scenario of the Dry Bulk Shipping market

The key opportunity of the Dry Bulk Shipping market

The growing adoption of digitalization and technological advancement in the industry acts as an opportunity for the dry bulk shipping market.

There is a tendency in the dry bulk shipping sector towards greater technology adoption and digitalization. Ship owners and operators are improving overall operations, increasing fuel efficiency, and optimizing routes by utilizing digital technologies and data analytics. To enable better-informed decision-making, this involves combining sophisticated navigation systems, real-time monitoring tools, and predictive analytics.

For instance, Platts, a part of S&P Global Commodity Insights, unveiled the Platts Dry Index (PDI) in November 2023. By combining dry bulk freight data, this index offers a thorough industry benchmark. Weighted average time charter equivalent indices for the Capesize, Ultramax, Kamsarmax, and Supramax segments are the source of the PDI, which provides a more comprehensive and representative metric for the dry bulk shipping industry.

Source (https://press.spglobal.com/2023-11-14-Platts-of-S-P-Global-Commodity-Insights-launches-Dry-Bulk-Freight-Index)

To address environmental concerns, the dry bulk shipping industry is actively involved in decarbonization programs. As part of a larger commitment to lower carbon emissions, businesses are looking into cleaner propulsion technology, such as alternative fuels and energy-efficient vessel designs. Participation in industry-wide programs to achieve low-carbon and sustainable shipping is increasing. These initiatives show the industry's shared commitment to reducing its effects on climate change and are in line with international environmental goals.

Key drivers of the Dry Bulk Shipping market

Increasing urbanization is driving the dry bulk shipping market.

Urbanization patterns are important because they drive the demand for coal and iron ore as raw materials for building and infrastructure projects. However, the new outbreak has clouded the market, affecting commercial flows and maritime traffic.

For example, In 2022, approximately a third of the total population in India lived in cities. The trend shows an increase in urbanization by more than 4 percent in the last decade, meaning people have moved away from rural areas to find work and make a living in the cities.

Source (https://www.statista.com/statistics/271312/urbanization-in-india/#:~:text=Urbanization%20in%20India%202022&text=In%202022%2C%20approximately%20a%20third,a%20living%20in%20the%20cities.)

Grain, coal, and iron ore are among the basic materials whose demand for dry bulk transportation is highly impacted by the level of world economic activity. The two most often traded dry bulk commodities worldwide are coal and iron ore. Asia-Pacific's major nations, including China, Japan, and India, are among the biggest importers of coal to meet the needs of the energy industry. The need for building supplies and energy resources is fueled by urbanization and population growth, which drives the flow of coal, iron ore, and bauxite/alumina along international trade routes.

Growing requirements for steel are driving the dry bulk shipping market.

The requirement for infrastructure development increases along with city growth, which fuels the need for cement and steel production. Transport of bauxite and alumina is essential to the manufacturing of aluminum, which benefits a variety of sectors including building, automotive, and aerospace. Strategic vendor selection processes and strong transportation networks are essential for the smooth shipping of alumina and bauxite.

For example, According to the World Steel Association, steel demand rose by 0.4% in 2022 to 1840.2 Mt. Steel consumption will increase by 2.2% in 2023, reaching 1 881.4 Mt. According to the same statistical...

Baltic Dry rose to 1,663 Index Points on July 11, 2025, up 13.52% from the previous day. Over the past month, Baltic Dry's price has fallen 15.50%, and is down 16.73% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on July of 2025.

Explore LSEG's Shanghai Metals Market (SMM) Pricing Data. SMM is China’s leading integrated internet platform provider of non-ferrous and ferrous metals.

Manganese traded flat at 29.45 CNY/mtu on July 11, 2025. Over the past month, Manganese's price has risen 0.34%, but it is still 16.45% 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 July of 2025.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.

Coal rose to 112 USD/T on July 11, 2025, up 0.90% from the previous day. Over the past month, Coal's price has risen 7.07%, but it is still 16.32% 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 July of 2025.

Lithium rose to 63,750 CNY/T on July 11, 2025, up 0.16% from the previous day. Over the past month, Lithium's price has risen 5.11%, but it is still 29.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on July of 2025.

Nickel fell to 15,143.75 USD/T on July 11, 2025, down 0.92% from the previous day. Over the past month, Nickel's price has risen 0.26%, but it is still 10.16% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on July of 2025.

HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% 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 HRC Steel.