Iron Ore rose to 101.81 USD/T on August 29, 2025, up 0.10% from the previous day. Over the past month, Iron Ore's price has risen 2.77%, and is up 3.15% 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 September of 2025.

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.

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.

Iron Ore CNY fell to 770 CNY/T on August 22, 2025, down 0.39% from the previous day. Over the past month, Iron Ore CNY's price has fallen 4.64%, but it is still 7.02% 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.

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).

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.

Australia Commodity Price Index: Weights: Other Resources: Iron Ore data was reported at 20.800 % in Feb 2013. This stayed constant from the previous number of 20.800 % for Jan 2013. Australia Commodity Price Index: Weights: Other Resources: Iron Ore data is updated monthly, averaging 20.800 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 21.800 % in Aug 2009 and a record low of 20.800 % in Feb 2013. Australia Commodity Price Index: Weights: Other Resources: Iron Ore data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Australia BHP: Average Realized Price: Iron Ore data was reported at 56.710 USD/WMT in Jun 2018. This records an increase from the previous number of 56.540 USD/WMT for Dec 2017. Australia BHP: Average Realized Price: Iron Ore data is updated semiannually, averaging 58.420 USD/WMT from Jun 2013 (Median) to Jun 2018, with 11 observations. The data reached an all-time high of 112.000 USD/WMT in Dec 2013 and a record low of 43.000 USD/WMT in Dec 2015. Australia BHP: Average Realized Price: Iron Ore data remains active status in CEIC and is reported by BHP Billiton Group. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: Asia Excluding China – Table WB.AT003: BHP Billiton Group (BHP): Operational Data.

Exports of Iron Ore & Concentrates in Australia decreased to 10522 AUD Million in February from 12488 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Exports of Iron Ore & Concentrates.

Discover the latest forecast on the Australian iron ores and concentrates market, with an expected upward consumption trend for the next decade. Market performance is predicted to grow steadily, reaching 1,806M tons in volume and $207.7B in value by 2035.

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

Australia GVA: 2022-23p: Trend: Mining: Iron Ore data was reported at 24,056.000 AUD mn in Mar 2019. This records an increase from the previous number of 24,019.000 AUD mn for Dec 2018. Australia GVA: 2022-23p: Trend: Mining: Iron Ore data is updated quarterly, averaging 4,854.000 AUD mn from Sep 1985 (Median) to Mar 2019, with 135 observations. The data reached an all-time high of 24,683.000 AUD mn in Mar 2018 and a record low of 1,973.000 AUD mn in Jun 1986. Australia GVA: 2022-23p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A190: SNA08: Gross Value Added: by Industry: Chain Linked: 2022-23 Price: Trend.

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.

China Import Price: Iron Ore & Concentrate: Oceania: Australia data was reported at 97.959 USD/Ton in Mar 2025. This records an increase from the previous number of 97.654 USD/Ton for Feb 2025. China Import Price: Iron Ore & Concentrate: Oceania: Australia data is updated monthly, averaging 101.919 USD/Ton from Jan 2008 (Median) to Mar 2025, with 205 observations. The data reached an all-time high of 209.402 USD/Ton in Aug 2021 and a record low of 41.662 USD/Ton in Feb 2016. China Import Price: Iron Ore & Concentrate: Oceania: Australia 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.

Manganese traded flat at 29.65 CNY/mtu on August 29, 2025. Over the past month, Manganese's price has remained flat, but it is still 3.58% 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 September of 2025.

The Iron Smelting and Steel Manufacturing industry has faced fluctuating demand and economic pressures, especially from the construction and mining sectors. While construction market volatility has dampened demand for steel products in residential and infrastructure projects, the mining sector has provided some stability. Rising demand for steel in iron ore, gold and copper mining has offset some of the losses in the construction sector. However, challenges persist. The declining world price of steel and rising costs for inputs, including iron ore and coking coal, are weakening profit. These price fluctuations have resulted in heightened industry consolidation and reduced competition. Manufacturers have been under pressure to innovate as automation and AI adoption become critical to maintaining operational efficiency. The industry is also adjusting to stricter environmental regulations and rising demand for sustainable products, with manufacturers increasingly shifting towards green steel production practices. Industry revenue is expected to have dipped at an annualised 0.7% over the five years through 2024-25, to $15.9 billion. This trend includes an anticipated plummet of 10.3% in 2024-25, primarily driven by fierce competition from low-cost imports from countries like China (which offer competitive pricing but raise concerns about quality and regulatory compliance), alongside rising production costs, reduced construction activity and the costly shift towards sustainable, low-carbon technologies. Changes in trade policies and ongoing global technological advancements are also continuously shaping market conditions, making imported steel products more competitive and influencing industry strategies and investments. In the coming years, increasing investments in infrastructure, the growing adoption of sustainable practices and rising global demand for green steel will underpin a recovery in revenue. With the government's Infrastructure Investment Project expanding, particularly in transport and renewable energy projects, steel consumption is projected to rise, especially for structural components, reinforcing bars and prefabricated steel. This trend will benefit manufacturers that invest in automation, green technologies and expansions to production capacities to meet growing demand. In line with global sustainability trends, steel producers are set to adopt low-carbon technologies to align with government initiatives and international regulations. Input costs are projected to stabilise. However, domestic manufacturers will contend with import competition and global supply chain disruptions, which may continue to affect price stability and project timelines. Overall, revenue is forecast to climb at an annualised 2.2% over the five years through 2029-30, to reach $17.8 billion.

Steel fell to 3,067 CNY/T on August 29, 2025, down 1.38% from the previous day. Over the past month, Steel's price has fallen 4.99%, and is down 2.23% compared to the same time last year, 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.

Australia GVA: 2015-16p: Trend: Mining: Iron Ore data was reported at 9,192.000 AUD mn in Jun 2018. This records an increase from the previous number of 9,086.000 AUD mn for Mar 2018. Australia GVA: 2015-16p: Trend: Mining: Iron Ore data is updated quarterly, averaging 1,635.500 AUD mn from Sep 1985 (Median) to Jun 2018, with 132 observations. The data reached an all-time high of 9,192.000 AUD mn in Jun 2018 and a record low of 725.000 AUD mn in Jun 1986. Australia GVA: 2015-16p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A197: SNA08: Gross Value Added: by Industry: Chain Linked: 2015-16 Price: Trend.

Australia GVA: 2018-19p: Trend: Mining: Iron Ore data was reported at 15,612.000 AUD mn in Mar 2019. This records an increase from the previous number of 15,575.000 AUD mn for Dec 2018. Australia GVA: 2018-19p: Trend: Mining: Iron Ore data is updated quarterly, averaging 3,158.000 AUD mn from Sep 1985 (Median) to Mar 2019, with 135 observations. The data reached an all-time high of 15,953.000 AUD mn in Mar 2018 and a record low of 1,286.000 AUD mn in Jun 1986. Australia GVA: 2018-19p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A194: SNA08: Gross Value Added: by Industry: Chain Linked: 2018-19 Price: Trend.

Coal rose to 109.60 USD/T on August 29, 2025, up 0.05% from the previous day. Over the past month, Coal's price has fallen 4.74%, and is down 23.76% compared to the same time last year, 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 September of 2025.