Iron Ore fell to 101.52 USD/T on August 20, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 3.76%, and is up 3.19% 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 August of 2025.

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, 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.

Iron ore prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 48.74 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

Iron Ore CNY fell to 772 CNY/T on August 18, 2025, down 1.34% from the previous day. Over the past month, Iron Ore CNY's price has fallen 4.57%, but it is still 8.43% 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.

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.

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.

Manganese fell to 29.74 CNY/mtu on August 19, 2025, down 0.03% from the previous day. Over the past month, Manganese's price has risen 0.98%, but it is still 7.78% 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.

India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data was reported at 4,757.000 INR/Ton in Feb 2025. This records a decrease from the previous number of 4,805.000 INR/Ton for Jan 2025. India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data is updated monthly, averaging 2,335.000 INR/Ton from Aug 2009 (Median) to Feb 2025, with 187 observations. The data reached an all-time high of 7,787.000 INR/Ton in Jul 2021 and a record low of 486.000 INR/Ton in Sep 2009. India Iron Ore: Average Sale Price: Fines: 62 - 65% 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, 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.

Steel fell to 3,120 CNY/T on August 21, 2025, down 0.54% from the previous day. Over the past month, Steel's price has fallen 4.15%, but it is still 3.69% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on August of 2025.

LME Index rose to 4,167 Index Points on August 20, 2025, up 0.33% from the previous day. Over the past month, LME Index's price has fallen 1.91%, but it is still 2.73% higher 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 August of 2025.

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

China Import Price: Iron Ore & Concentrate: Europe: Ukraine data was reported at 117.636 USD/Ton in Mar 2025. This records a decrease from the previous number of 119.834 USD/Ton for Feb 2025. China Import Price: Iron Ore & Concentrate: Europe: Ukraine data is updated monthly, averaging 120.714 USD/Ton from Jan 2008 (Median) to Mar 2025, with 194 observations. The data reached an all-time high of 260.261 USD/Ton in Jul 2021 and a record low of 48.818 USD/Ton in Feb 2016. China Import Price: Iron Ore & Concentrate: Europe: Ukraine data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

European Union - Producer prices in industry: Mining of iron ores was 239.90 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Mining of iron ores - last updated from the EUROSTAT on July of 2025. Historically, European Union - Producer prices in industry: Mining of iron ores reached a record high of 324.30 points in August of 2021 and a record low of 26.50 points in September of 1992.

India Iron Ore: Average Sale Price: Fines: 60 - 62% Fe data was reported at 4,336.000 INR/Ton in Feb 2025. This records a decrease from the previous number of 4,449.000 INR/Ton for Jan 2025. India Iron Ore: Average Sale Price: Fines: 60 - 62% Fe data is updated monthly, averaging 2,035.000 INR/Ton from Feb 2011 (Median) to Feb 2025, with 169 observations. The data reached an all-time high of 6,444.000 INR/Ton in Aug 2021 and a record low of 950.000 INR/Ton in Feb 2016. India Iron Ore: Average Sale Price: Fines: 60 - 62% 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: Average Sale Price: Fines: 65% Fe & Above: Orissa data was reported at 4,774.000 INR/Ton in Dec 2024. This records an increase from the previous number of 4,674.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 65% Fe & Above: Orissa data is updated monthly, averaging 2,166.000 INR/Ton from Aug 2009 (Median) to Dec 2024, with 163 observations. The data reached an all-time high of 8,500.000 INR/Ton in Aug 2021 and a record low of 683.000 INR/Ton in Dec 2009. Iron Ore: Average Sale Price: Fines: 65% Fe & Above: Orissa 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: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data was reported at 4,070.000 INR/Ton in Dec 2024. This records an increase from the previous number of 3,948.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data is updated monthly, averaging 2,200.000 INR/Ton from Apr 2011 (Median) to Dec 2024, with 141 observations. The data reached an all-time high of 5,612.000 INR/Ton in Aug 2021 and a record low of 1,038.000 INR/Ton in Jun 2018. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh 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.

Germany WPI: 2021=100: Iron Ore, Iron & Steel Intermediary Materials data was reported at 90.700 2021=100 in Mar 2025. This records an increase from the previous number of 90.200 2021=100 for Feb 2025. Germany WPI: 2021=100: Iron Ore, Iron & Steel Intermediary Materials data is updated monthly, averaging 63.700 2021=100 from Jan 1995 (Median) to Mar 2025, with 363 observations. The data reached an all-time high of 140.900 2021=100 in Apr 2022 and a record low of 0.000 2021=100 in Dec 2004. Germany WPI: 2021=100: Iron Ore, Iron & Steel Intermediary Materials data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.I058: Wholesale Price Index: 2021=100.