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.

Graph and download economic data for Producer Price Index by Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) (PCU2122102122100) from Dec 1997 to Sep 2025 about ore, iron, crude, mining, PPI, industry, inflation, price index, indexes, price, and USA.

Iron ore miners are highly susceptible to changes in industrial production. This is why iron ore miners were significantly impacted at the start of the period because of the pandemic. Steel production took a nosedive and many mines shut down temporarily. As the economy recovered, miners saw triple-digit growth in 2021, since steel prices skyrocketed amid supply chain constraints. This allowed industry revenue to remain elevated for the rest of the period. From 2022 to 2024, while production began to climb after an initial dip at the start of 2022, prices plummeted as supply chain issues waned, causing revenue to fall. Overall, revenue for iron ore miners has been swelling at a CAGR of 7.5% over the past five years and is set to reach $5.3 billion in 2025, where revenue is set to plummet by 5.5%. While revenue strengthened during the period because of price hikes, miners experienced dips in profit after 2021, primarily because purchase costs continued to climb. Rising fuel costs, driven by surges in oil prices, have eaten into profit as miners now must pay extra to transport ore. While wage costs will come down from historical figures, they are set to go up slightly after 2021 as iron ore miners hire and train staff to use new equipment and technology. Looking ahead, iron ore miners will feel the impact of falling prices. Nonetheless, they are set to maintain a steady revenue stream from downstream markets. The Bipartisan Infrastructure Law, which requires that all iron ore and steel used in federally funded projects be made in the US, should help sustain the need for domestic iron ore. While infrastructure construction will continue to support consistent revenue, recent executive orders halting the construction of offshore wind projects and electric vehicle charging stations are set to dampen market growth. Overall, revenue is set to dip at a CAGR of 0.2% through 2030, reaching $5.3 billion.

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.

United States - Producer Price Index by Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) 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 Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) reached a record high of 231.25100 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 Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) - last updated from the United States Federal Reserve on December of 2025.

Indonesia WPI: Iron Ore and Minerals, Electricity, Gas, and Water: MoM data was reported at 0.770 % in Nov 2025. This records an increase from the previous number of 0.390 % for Oct 2025. Indonesia WPI: Iron Ore and Minerals, Electricity, Gas, and Water: MoM data is updated monthly, averaging -1.240 % from Jan 2025 (Median) to Nov 2025, with 11 observations. The data reached an all-time high of 0.770 % in Nov 2025 and a record low of -1.240 % in Jun 2025. Indonesia WPI: Iron Ore and Minerals, Electricity, Gas, and Water: MoM data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.I: Wholesale Price Index: 2023=100.

In September 2025, approximately ***** million metric tons of crude iron ore was extracted in China. Iron ore mining in China As the world's largest iron ore importing country since 2014, China's iron ore imports amount to over *** billion metric tons every year to meet its demand. Cutbacks in 2014 were likely the result of decreasing iron ore prices around the world, which fell from a high of 168 U.S. dollars per dry metric ton in 2011 to a low of an estimated 55 U.S. dollars in 2015. Iron ore prices have gradually recovered to the levels of 2014, standing at ***** U.S. dollars per dry metric ton as of 2023. China's steel industry Despite iron ore mining cutbacks in China and fluctuating prices, the price of steel, which is made from iron ore, has remained stable. China has remained the world’s largest crude steel producer. Among the twenty leading steelmakers worldwide, eleven are from China. As the largest crude steel producer in the world, Baowu Steel Group is state-owned and is the largest steel company in China. In 2022, Baowu Steel Group generated a revenue of over **** trillion yuan.

China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data was reported at 790.000 RMB/Ton in Mar 2025. This records a decrease from the previous number of 820.000 RMB/Ton for Feb 2025. China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data is updated monthly, averaging 883.500 RMB/Ton from Jun 2020 (Median) to Mar 2025, with 58 observations. The data reached an all-time high of 1,470.000 RMB/Ton in Jun 2021 and a record low of 640.000 RMB/Ton in Nov 2021. China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data remains active status in CEIC and is reported by China National Chemical Economic and Technical Development Centre. The data is categorized under China Premium Database’s Price – Table CN.PC: China Petroleum & Chemical Industry Association: Petrochemical Price: Inorganic Chemical Material.

Australia has a large supply of mineral, hydrocarbon and non-mineral reserves, which are often high quality and close to the Earth’s surface, enabling Australia’s Mining division to be globally price competitive. Fluctuations in commodity prices have fuelled revenue volatility over the past few years. Energy supply shocks, driven by the Russia-Ukraine conflict, have sent global energy prices soaring, boosting the value of coal and liquefied natural gas (LNG) exports over the past few years. However, softening energy prices in the two years through 2024-25 will constrain energy export revenue and weaken expansion. Iron ore prices have also fluctuated significantly in recent years. These prices climbed to a peak in 2020-21 because of supply chain disruptions in Brazil. However, a recent property market crisis in China has weakened steel demand, causing iron ore prices to sink and reach a two-year low in September 2024. The price bounced back in October 2024 amid optimism surrounding the Chinese economy and stimulus measures, but is forecast to drop in 2024-25 as recent trade tensions and the United States’ sweeping tariffs exacerbated this trend and pushed prices down. Division revenue is expected to have risen at an annualised 0.6% over the five years through 2024-25, to $437.3 billion. This includes an anticipated fall of 10.5% in 2024-25 as the values of coal, LNG and iron ore exports ease on the back of softening prices. Some miners have pivoted towards future-facing commodities like copper and lithium to align with energy transition trends, but oversupply and softening prices pose ongoing profitability challenges. Soaring operational costs are compounding these issues as labour shortages, rising input costs and sophisticated competition have eroded profit margins. While commodity prices like oil, gas and coal have retracted from recent highs, they remain above 2019-20 levels, offering some relief and counteracting profitability dips. Many mining companies have moved from completing expansion programs to rebalancing their portfolios and implementing cost-reduction initiatives, offsetting profitability slumps. Output across several key commodities like iron ore is set to climb as new mines and expansion projects come online. Despite this, a global supply glut will ease commodity prices, reducing division revenue. Revenue is forecast to decline at an annualised 3.1% over the five years through 2029-30, to $374.3 billion. Growing demand for critical minerals and commodities used in renewable infrastructure represents a growth opportunity for some areas of the Mining division. Consolidation trends will also accelerate over the coming years as larger miners undertake mergers and acquisitions.

WPI: Iron Ore and Minerals, Electricity, Gas, and Water data was reported at 100.830 2023=100 in Nov 2025. This records an increase from the previous number of 100.060 2023=100 for Oct 2025. WPI: Iron Ore and Minerals, Electricity, Gas, and Water data is updated monthly, averaging 101.410 2023=100 from Jan 2024 (Median) to Nov 2025, with 23 observations. The data reached an all-time high of 101.510 2023=100 in Jul 2024 and a record low of 99.530 2023=100 in Aug 2025. WPI: Iron Ore and Minerals, Electricity, Gas, and Water data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.I: Wholesale Price Index: 2023=100.

Statistics illustrates monthly prices of iron or steel; line pipe of a kind used for oil or gas pipelines, longitudinally welded external diameter exceeds 406.4mm in Isle of Man from January 2019 to September 2025.

Contained within the 4th Edition (1974) of the Atlas of Canada is a set of two maps. The first map shows the location and size of iron ore deposits by geological region as of 1972. The location and type of iron mines as of 1970 are also denoted. This map is accompanied by several graphs showing iron ore resources by region as of 1972 as well as the production of beneficiated ore and direct-shipping ore for mining areas, the volume of pig iron and crude steel by place of production, the value of shipments from iron and steel mills and the value of iron ore production for 1970. The second map shows locations and production type of primary iron and steel mills. The map is accompanied by two supplementary graphs showing the crude steel capacity for selected mining areas for 1970, as well as production of pig iron during the period 1917 to 1970 and crude steel during the period 1894 to 1970.

Mexico PPI: Mining with Oil: MNM: Metal Ores: Iron Mining data was reported at 121.793 Jun2012=100 in Mar 2019. This records an increase from the previous number of 121.300 Jun2012=100 for Feb 2019. Mexico PPI: Mining with Oil: MNM: Metal Ores: Iron Mining data is updated monthly, averaging 31.465 Jun2012=100 from Jan 1981 (Median) to Mar 2019, with 459 observations. The data reached an all-time high of 131.380 Jun2012=100 in Dec 2018 and a record low of 0.126 Jun2012=100 in Dec 1981. Mexico PPI: Mining with Oil: MNM: Metal Ores: Iron Mining data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.I020: Producer Price Index: Jun2012=100.

In Terms of Revenue, The Electric Arc Furnace (EAF) Steelmaking market was the leading Application with 37.68% Share of total Global Hot Briquetted Iron HBI Market in 2021.

In Terms of Revenue, Gas was the Leading Process with 64.09% Share of total Hot Briquetted Iron HBI Market in 2021.

In Terms of Revenue, The North America market was dominating region with 43.19% Share of total Global Hot Briquetted Iron HBI Market in 2021. The increase in the usage of hot briquetted iron in iron-making applications is the major driving factor for the growth of the hot briquetted iron market. HBI is a modern charge material for use in combination with scrap or it can be used as an addition to blast furnaces in ironmaking applications. Furthermore, the rising number of furnace steel mills across the world is anticipated to propel the demand for HBI during the forecast period. For example, the global steelmaking market produced around 1.85 billion tonnes of crude steel in 2019. The iron and steel industry is economically important and most countries considered it as one of national strategic importance. However, less awareness about the product may act as a restraining factor for this market. Environment-friendly production technologies in steel manufacturing will create enormous opportunities for the global hot-briquetted iron market during the forecast period. Increasing the use of iron briquettes in steel mills around the world to reduce global emissions in the iron and steel industry is projected to create a global market of around 39.76 million tonnes of iron briquettes over the next few years.

Market Dynamics of Hot Briquetted Iron HBI Market

Key Drivers for Hot Briquetted Iron HBI Market

Decarbonization Push in the Steel Industry: Because HBI has a lower carbon footprint than conventional blast furnace inputs, it is a preferred raw material as the global steel industry faces mounting pressure to cut carbon emissions. The sustainability objectives of significant steelmakers are in line with its compatibility with electric arc furnaces (EAFs), which emit less carbon. Growing Adoption of Electric Arc Furnaces (EAFs): As steel production moves away from blast furnaces and toward EAF-based methods, particularly in developed areas, demand for HBI is increasing because it provides a reliable and high-quality iron input for EAFs. Because of its greater density and metallization, it is a dependable feedstock for preserving productivity and output quality in settings with limited scrap.

Worldwide Scrap Scarcity and Quality Issues: Steelmakers are using HBI as a scrap alternative as a result of the shortage of high-quality ferrous scrap in important markets. Particularly in areas where scrap import restrictions or supply quality variations exist, its chemical homogeneity and low impurity levels guarantee steady operation and consistent product quality.

Key Restraints for Hot Briquetted Iron HBI Market

High Capital Costs and Infrastructure Needs: Setting up HBI production facilities requires a significant financial outlay for briquetting lines, sophisticated reduction reactors, and dependable logistics. This restricts production expansion in developing nations with inadequate infrastructure and financial support and makes market entry challenging. Price volatility for raw materials: Because of market and geopolitical factors, the prices of iron ore and natural gas, which are the main inputs for HBI, are subject to swings. These price fluctuations have the potential to have a major effect on profitability and may deter both producers and consumers from entering into long-term agreements or expanding.

Logistics and Handling Difficulties: HBI still needs strong port, rail, or shipping logistics for effective transportation, even with its small size and safety advantages over DRI. The additional handling and storage requirements can raise costs and deter adoption in areas with inadequate transportation infrastructure.

Key Trends for Hot Briquetted Iron HBI Market

Integration of HBI into Green Steel Initiatives: HBI is being incorporated into green steel production processes as nations and businesses make commitments to become carbon neutral. A long-term trend toward sustainable steel inputs is indicated by the growing integration of HBI with hydrogen-based direct reduction in projects in the Middle East and Europe. Regional Expansion and Capacity Additions: To...

Statistics illustrates consumption, production, prices, and trade of Iron or steel; casing and tubing, of a kind used in drilling for oil or gas in Chad from 2007 to 2024.

Abstract The objective of this research is to assess how much the improvement in the combustion reaction efficiency can reduce fuel consumption, maintaining the same thermal energy rate provided by the reaction in a pelletizing furnace. The furnace for pelletizing iron ore is a complex thermal machine, in terms of energy balance. It contains recirculation fan gases and constant variations in the process, and the variation of a single process variable can influence numerous changes in operating conditions. This study demonstrated how the main variables related to combustion in the burning zone influence fuel consumption (natural gas) from the furnace of the Usina de Pelotização de Fábrica (owned by VALE S/A), without changing process conditions that affect production quality. Variables were analyzed regarding the velocity and pressure of the fuel in the burners, the temperature of the combustion air and reactant gases, the conversion rate and the stoichiometric air/fuel ratio of the reaction. For the analysis, actual data of the furnace in operation was used, and for the simulation of chemical reactions, the software Gaseq® was used. The study showed that the adjustment of combustion reaction stoichiometry provides a reduction of 9.25% in fuel consumption, representing a savings of US$ 2.6 million per year for the company.

In the financial year 2022, the Indian state of Odisha was the leading producer of iron ore in the country, accounting for over half of the domestic iron ore production. With its vast iron ore reserves, the state authorities are set to open more blocks for iron ore mining in the region.

India's place among the world's leading iron ore producers

Australia, Brazil, and China were among the world’s largest iron ore mine producers in 2022, and India held the fourth position, with production amounting to an estimated *** million metric tons that year. With the growth in the cement industry and infrastructure developments across the country, experts believe that India will have to double its current iron ore production volume to meet the country's rising demand. India's ranking among the world's leading iron ore reserve-holding countries as of 2022 was seventh place, with *** billion metric tons of iron content from *** billion metric tons of crude iron ore.

Iron ore exports from India

From 2020 to 2022, India's exports of iron ore dropped in value from *** billion U.S. dollars to **** billion U.S. dollars. This placed India as the world's ****-largest iron ore exporting nation as of 2022 on the basis of value. That was a notable drop in the ranking however, as India placed sixth in 2020 and seventh in 2021.

Iron & Steel Imports: FOB: NCM: Value: Articles: Other Pipes of Iron or Steel Used for Petroleum, Oil, Gas data was reported at 0.210 USD mn in Jun 2019. This records an increase from the previous number of 0.062 USD mn for May 2019. Iron & Steel Imports: FOB: NCM: Value: Articles: Other Pipes of Iron or Steel Used for Petroleum, Oil, Gas data is updated monthly, averaging 0.025 USD mn from Jan 1997 (Median) to Jun 2019, with 267 observations. The data reached an all-time high of 16.567 USD mn in Mar 2009 and a record low of 0.000 USD mn in Mar 2018. Iron & Steel Imports: FOB: NCM: Value: Articles: Other Pipes of Iron or Steel Used for Petroleum, Oil, Gas data remains active status in CEIC and is reported by Ministry of Development, Industry And Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH006: Iron and Steel Imports: NCM Classification: Value: by Product: Articles.

Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Line Pipe of A Kind Used for Oil or Gas Pipelines, Longitudinally or Nonalloy Steel data was reported at 0.062 USD mn in May 2019. This records a decrease from the previous number of 0.086 USD mn for Feb 2019. Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Line Pipe of A Kind Used for Oil or Gas Pipelines, Longitudinally or Nonalloy Steel data is updated monthly, averaging 0.000 USD mn from Feb 1996 (Median) to May 2019, with 264 observations. The data reached an all-time high of 86.553 USD mn in Oct 2009 and a record low of 0.000 USD mn in May 2018. Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Line Pipe of A Kind Used for Oil or Gas Pipelines, Longitudinally or Nonalloy Steel data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH006: Iron and Steel Imports: NCM Classification: Value: by Product: Articles.

Stock Price Time Series for Pan Ocean Co Ltd. Pan Ocean Co., Ltd., together with its subsidiaries, provides marine transportation and other related services worldwide. The company offers break bulk liner services for steel, coal, wood, equipment, and machinery cargoes; tramper services for dry bulk cargo shipping, such as iron ore, coal, grain, sugar, logs, minerals, fertilizers, and scrap metal; and large bulker services for transporting dry bulk cargo comprising coal and iron ore, as well as container services. It also provides tanker services for transporting crude oil, gasoline, gas oil, and jet oil; oil and fats; and petrochemicals, which comprise benzene, toluene, xylene, base oil, and caustic soda. In addition, the company provides liquefied natural gas carrier services; heavy lifter services for offshore wind components, machinery, and modules; and tug boats, drill ships, barges, ocean platforms, etc. Further, it is involved in the trading and logistics of agriculture products, such as corn, soybean, wheat, and soybean meal. The company was formerly known as STX Pan Ocean Co., Ltd. and changed its name to Pan Ocean Co., Ltd. in January 2014. The company was founded in 1966 and is headquartered in Seoul, South Korea. Pan Ocean Co., Ltd. is a subsidiary of Harim Holdings Co., Ltd.