Iron Ore rose to 106.14 USD/T on March 26, 2026, up 0.11% from the previous day. Over the past month, Iron Ore's price has risen 7.15%, and is up 3.69% 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 March of 2026.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDM) from Jan 1992 to Feb 2026 about ore, iron, World, and price.

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 prices in , February, 2026 For that commodity indicator, we provide data from January 1960 to February 2026. The average value during that period was 49.21 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 812 CNY/T on March 27, 2026, down 0.61% from the previous day. Over the past month, Iron Ore CNY's price has risen 7.62%, and is up 3.90% 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 Iron Ore CNY.

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.

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.

Monthly and long-term iron ore price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Iron Ore prices Jan 2026: China USD 118/MT, India USD 51/MT, USA USD 103/MT. Explore trends.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU1011) from Jan 1947 to Feb 2026 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

View monthly updates and historical trends for Iron Ore Spot Price (Any Origin). Source: World Bank. Track economic data with YCharts analytics.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDQ) from Q1 1992 to Q4 2025 about ore, iron, World, and price.

This statistic depicts the average monthly prices for iron ore worldwide from January 2014 through June 2025. In June 2025, the average monthly price for iron ore worldwide stood at ***** nominal U.S. dollars per dry metric ton.

Quarterly iron ore prices have globally declined since the first quarter (Q1) of 2023, when they stood at approximately ****** U.S. dollars per metric ton. By Q2 2025, one metric ton of iron ore cost around ***** U.S. dollars, representing a decline of about ***** U.S. dollars per metric ton of iron ore worldwide since Q1 2023.

snapshot-tab-pane Iron Ore Market Size 2026-2030The iron ore market size is valued to increase by USD 61.62 billion, at a CAGR of 3.8% from 2025 to 2030. High-grade supply expansion and operationalization of Simandou project will drive the iron ore market.Major Market Trends & InsightsAPAC dominated the market and accounted for a 72.5% growth during the forecast period.By Product - Fines segment was valued at USD 164.02 billion in 2024By Source - Surface mining segment accounted for the largest market revenue share in 2024Market Size & ForecastMarket Opportunities: USD 90.74 billionMarket Future Opportunities: USD 61.62 billionCAGR from 2025 to 2030 : 3.8%Market SummaryThe iron ore market is undergoing a critical transformation, moving beyond volumetric growth to focus on technological optimization and value-added products. This evolution is driven by the global steel industry's pursuit of decarbonization, which elevates the importance of high-grade feedstocks compatible with low-emission processes.A key industry trend is the geographic diversification of supply, challenging traditional trade flows and pricing structures. For instance, a mining operation can leverage AI-driven predictive maintenance and autonomous haulage fleets to enhance operational efficiency, compressing unit costs by over 15% to remain competitive against new, high-grade market entrants.At the same time, the industry grapples with geopolitical fragmentation and the high capital expenditure required for green mining transitions. The synergy between massive investments in new frontiers and the digital transformation of legacy operations defines the market's current strategic landscape, ensuring its resilience as a vital segment of the international commodities trade.What will be the Size of the Iron Ore Market during the forecast period? Get Key Insights on Market Forecast (PDF) Request Free SampleHow is the Iron Ore Market Segmented?The iron ore industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.ProductFinesLumpPelletsHBI or DRISourceSurface miningUnderground miningTypeHematiteMagnetiteOthersGeographyAPACChinaAustraliaIndiaEuropeGermanyFranceUKSouth AmericaBrazilArgentinaColombiaNorth AmericaUSCanadaMexicoMiddle East and AfricaSouth AfricaSaudi ArabiaUAERest of World (ROW)By Product InsightsThe fines segment is estimated to witness significant growth during the forecast period.The fines segment remains foundational to steelmaking, but its dynamics are shifting. These small mineral particles require an intensive sintering and pelletizing process to be used effectively, influencing blast furnace burden chemistry.As steelmakers focus on metallurgical performance enhancement, a clear preference for high-grade fines with low iron ore grade variability is reshaping procurement.This drives the adoption of advanced beneficiation and ore blending strategies to create high-purity iron concentrate from lower-quality stock. The emphasis on value-in-use ore pricing and high-efficiency hematite production is critical, as producers aim to supply low-carbon steelmaking inputs.Consequently, leading producers have scaled operations, with one confirming annual output reached 336.1 million tonnes by maximizing high-quality fines production. Request Free SampleThe Fines segment was valued at USD 164.02 billion in 2024 and showed a gradual increase during the forecast period. Request Free SampleRegional AnalysisAPAC is estimated to contribute 72.5% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. See How Iron Ore Market Demand is Rising in APAC Request Free SampleThe geographic landscape of the iron ore market is defined by regional specialization and logistical efficiency. APAC dominates consumption, accounting for over 72% of seaborne demand, with its industrial core reliant on Australian hematite direct shipping ore.Here, integrated mining operations leverage advanced pit-to-port logistics optimization. In North America, the focus is on magnetite concentrate pellet feed derived from taconite pellet production, a process benefiting from the mineral's ferrimagnetic mineral properties.South America, particularly Brazil, is a key supplier of high-grade ore, utilizing advanced beneficiation and agglomeration to enhance resource utilization efficiency. The use of mineral prospectivity mapping is accelerating exploration in emerging frontiers.This regional differentiation in production and processing, including a 40% increase in efficiency

India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data was reported at 3,768.000 INR/Ton in Jan 2026. This records a decrease from the previous number of 3,935.000 INR/Ton for Dec 2025. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data is updated monthly, averaging 1,757.000 INR/Ton from Feb 2011 (Median) to Jan 2026, with 180 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.WAC: Iron Ore Average Sale Price.

The 2020 coronavirus (Covid-19) pandemic has had a noteworthy impact on commodities prices, including metals such as iron ore. The impact of Covid-19 on the global iron ore industry is apparent from the decline in the average year-to-date price of iron ore as of May 2020 (***** U.S. dollars per metric ton) as compared to the average price in 2019 (***** U.S. dollars per metric ton). Compared to other metals, however, iron ore prices have stayed relatively resilient, and are expected to recover further during 2020 once China's steel production increases again.

Explore the volatile history of iron ore prices influenced by global economic cycles, demand-supply dynamics, and geopolitical events, with a focus on China's industrial impact and recent market trends.

Explore the complex factors influencing iron ore prices in USD in late 2023, including supply chain disruptions, geopolitical tensions, demand from China, sustainable technologies, currency fluctuations, and global economic conditions.

Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Orissa data was reported at 4,217.000 INR/Ton in Dec 2025. This records an increase from the previous number of 4,129.000 INR/Ton for Nov 2025. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Orissa data is updated monthly, averaging 1,067.000 INR/Ton from Mar 2011 (Median) to Dec 2025, with 177 observations. The data reached an all-time high of 4,891.000 INR/Ton in Aug 2021 and a record low of 595.000 INR/Ton in Apr 2016. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: 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.WAC: Iron Ore Average Sale Price.