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.

157 Active Global Iron Ore buyers list and Global Iron Ore importers directory compiled from actual Global import shipments of Iron Ore.

Australia was by far the country exporting the largest amount of iron ore worldwide in 2023. Some 56.4 percent of global iron ore exports came from Australia, worth 91 billion U.S. dollars that year. Australia is able to export the most iron ore worldwide due to the fact that it also has the world's largest reserves of iron ore. What is iron ore? Iron ores are rocks from which metallic iron can be extracted for profit. The ores usually have a lot of iron oxides and come in multiple colors. However, they appear dark grey or rusty grey and come in different chemical compounds. These compounds include hematite, magnetite, siderite, limonite, or goethite. One of the main uses of iron is to produce steel. Global iron ore trade Australia is consistently the leading iron ore exporting country in the world. On the other hand, China is the world’s largest importer of iron ore, accounting for a 70 percent share of the total global iron ore imports based on value in 2021.

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.

711 Active Global Iron Ores buyers list and Global Iron Ores importers directory compiled from actual Global import shipments of Iron Ores.

Globally, some *** billion metric tons of iron ore were transported by maritime trade in 2020. This represents an increase of around three percent compared with the previous year.

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

1412 Active Global Iron ores suppliers, manufacturers list and Global Iron ores exporters directory compiled from actual Global export shipments of Iron ores.

The global iron ore trade is a substantial market, exhibiting robust growth potential. While precise figures for market size and CAGR are not provided, industry reports suggest a market valued at approximately $150 billion in 2025, projecting a compound annual growth rate (CAGR) of around 5% between 2025 and 2033. This growth is fueled by several key drivers. The burgeoning construction sector globally, particularly in developing economies experiencing rapid urbanization, significantly boosts demand. The automotive industry's reliance on steel, a primary product derived from iron ore, further contributes to market expansion. Technological advancements in mining and processing techniques are enhancing efficiency and reducing costs. However, fluctuating steel prices, geopolitical instability impacting trade routes, and environmental concerns surrounding mining operations present significant restraints. Market segmentation reveals that hematite and magnetite are the dominant iron ore types, while the construction sector accounts for the largest share of applications. Key players in this competitive landscape include Mitsui & Co., Mitsubishi Corporation, China Minmetals Corporation, and several prominent Chinese steel companies. These companies are strategically positioning themselves to capitalize on growth opportunities and mitigate risks. Regional analysis reveals a diverse market landscape. China, India, and other Asian countries are major consumers due to their expanding infrastructure development and manufacturing activities. North America and Europe also contribute significantly but with potentially slower growth rates compared to Asia. The forecast period of 2025-2033 suggests a trajectory of sustained growth, though this is contingent on several factors. Effective management of supply chains, responsible mining practices, and innovative technological solutions will be crucial to navigating these challenges and realizing the full potential of this dynamic market. The increased focus on sustainable practices and the circular economy will also play a significant role in shaping the future of the iron ore trade.

In 2023, Australia was the leading iron ore exporting country in the world, with 91 billion U.S. dollars worth of iron ore exported. Brazil was next, with iron ore exports amounting to nearly 31 billion U.S dollars in value.

China Import: Iron Ore data was reported at 75.540 USD bn in 2018. This records a decrease from the previous number of 76.278 USD bn for 2017. China Import: Iron Ore data is updated yearly, averaging 2.503 USD bn from Dec 1984 (Median) to 2018, with 35 observations. The data reached an all-time high of 112.407 USD bn in 2011 and a record low of 162.640 USD mn in 1984. China Import: Iron Ore data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under Global Database’s China – Table CN.JA: Trade: Annual.

Brazil is the leading trade partner for iron ore imported into the United States. From 2020 through 2023, the South American country accounted for nearly **** of total U.S. iron ore imports. This was followed by neighboring country Canada, making up another ** percent of shipments.

United States Exports of iron ores and concentrates to China was US$155.17 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of iron ores and concentrates to China - data, historical chart and statistics - was last updated on July of 2025.

Learn about the top iron ore suppliers in the global market, including Vale, Rio Tinto, BHP, Fortescue Metals Group, Cleveland-Cliffs Inc., and LKAB. Discover how these key players contribute to the supply chain and impact industries like construction, automotive, and machinery.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Eximpedia Export import trade data lets you search trade data and active Exporters, Importers, Buyers, Suppliers, manufacturers exporters from over 209 countries

In 2024, China was the world's largest importer of iron ore by a large margin, having accounted for a *****percent share of the total global iron ore imports based on value. Key facts on iron ore mining China accumulated a majority of the global iron ore imports in 2024, with over ** percent of total global imports. Japan followed behind distantly with a *****percent share of iron ore imports. On the other hand, Australia exports the largest share of global iron ore. Australia currently holds the world’s largest iron ore reserves, totaling ** billion metric tons in iron content and ** billion metric tons in crude ore as of 2024. China’s large share of iron ore imports is due to its heavy consumption of the material. It has become one of the largest steel producers in the world. Iron ore producers and end-users Iron ore is based on its valuable metallic iron, which can be extracted from rocks and minerals. A large majority, over ** percent, of the iron ore mined in the world is used to make steel. It is commonly used for structural engineering applications, vehicles, and machinery. Brazilian company Vale is one of the largest iron ore producers in the world, producing ******million metric tons in 2024.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Vale reports a 4.6% drop in iron ore production, yet Brazil's exports remain robust amid global trade shifts.

In 2022, the biggest exporter of iron ore in the Central and Eastern European region was Ukraine. That year, the country exported over *** billion U.S. dollars worth of iron ore. Following that were Russia and Hungary, respectively.