Iron Ore decreased 1.36 USD/MT or 1.31% since the beginning of 2025, 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 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU10110555) from Dec 1997 to Feb 2025 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2023, iron ore was worth an average of approximately 120 U.S. dollars per dry metric ton unit (dmtu), compared to only 29 U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over 200 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 214.43 U.S. dollars per dmtu in June 2021 down to a low of 96.24 U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at 51 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 207.98 million metric tons in 2004, to over one billion metric tons in 2018.

In May 2024, iron ore was valued at approximately 119 U.S. dollars per dry metric ton unit (dmtu), as compared to 105 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 30 U.S. dollars, and increased to a high of 168 U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from 139.87 U.S. dollars per dry metric ton unit in March 2013 to 40.50 U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to 214.14 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 960 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 280 million metric tons in 2023.

This statistic depicts the average annual prices for iron ore from 2014 through 2023, with forecasted figures for 2024 to 2026. In 2023, the average price for iron ore stood at 120.6 nominal U.S. dollars per dry metric ton.

Iron Ore CNY increased 3.50 CNY/T or 0.45% since the beginning of 2025, 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.

Explore the intricacies of the iron ore price chart and its impact on global markets. Understand how factors like demand, supply, and sustainability trends influence iron ore prices, crucial for traders, economists, and industries relying on steel production.

Explore the dynamic fluctuations in iron ore prices as influenced by global economic conditions, demand from major steel producers, and supply disruptions. This article analyzes historical trends, including price peaks and troughs, and examines the multifaceted factors shaping the iron ore market over the decades.

During the last quarter of 2024, the grey cast iron prices in the United States reached 2400 USD/MT in December. Despite economic difficulties, the market displayed pricing stability. Despite modest gains in manufacturing, the economy continued to shrink due to persistent supply chain problems and growing expenses. Although residential projects slowed due to high mortgage rates, demand from the automobile and construction industries remained moderate.

Explore IMARC’s newly published report, titled “Grey Cast Iron Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of grey cast iron pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Graph and download economic data for Producer Price Index by Industry: Iron Ore Mining (PCU2122121221) from Dec 1984 to Feb 2025 about ore, iron, mining, PPI, industry, inflation, price index, indexes, price, and USA.

Explore the fluctuating dynamics of iron ore spot prices and their impact on the steel manufacturing and mining sectors. Learn how global supply-demand, economic trends, and policy changes influence these prices over time, with significant contributions from China's demand and other global factors.

Steel decreased 101 Yuan/MT or 3.05% since the beginning of 2025, 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 March of 2025.

In the fourth quarter of 2023, the price of the iron scrap in the United States reached 335 USD/MT by December. Similarly, in China, the iron scrap prices hit 411 USD/MT in the same month.

Explore the dynamic fluctuations of iron prices over recent years, driven by global economic conditions, China's industrial demand, and environmental policies. This article examines how these factors have influenced iron ore's market trends and stability, highlighting the ongoing impact of geopolitical tensions and the shift towards greener technologies.

Canada Export Price Index: Customs: CM: Iron Ores, Concentrates & Scrap data was reported at 255.400 2002=100 in Aug 2012. This records a decrease from the previous number of 267.400 2002=100 for Jul 2012. Canada Export Price Index: Customs: CM: Iron Ores, Concentrates & Scrap data is updated monthly, averaging 164.200 2002=100 from Jan 2002 (Median) to Aug 2012, with 128 observations. The data reached an all-time high of 315.300 2002=100 in Oct 2008 and a record low of 87.500 2002=100 in Jun 2003. Canada Export Price Index: Customs: CM: Iron Ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2002=100.

Explore the factors contributing to price fluctuations in the global iron ore market, from changes in demand to disruptions in supply, and how the shift towards high-grade iron ore products is reshaping the industry.

During the last quarter of 2024, the iron oxide prices in the United States reached 1035 USD/MT in December. Due to low demand and market saturation, the market continued to decline in Q4 2024. Slow commercial real estate activity and rising loan rates were challenges for the building industry. Market conditions deteriorated due to supply chain limitations, port labor strikes, and increased freight prices.

Explore IMARC’s newly published report, titled “Iron Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of iron oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The producer price index for iron and steel metals and metal products in the United States fell between 2018 and 2020. Prices for steel commodities in particular have fluctuated over the 2010s due to uncertain markets and international diplomacy.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cast Iron Scrap (WPU10121308) from Jan 2004 to Feb 2025 about iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data was reported at 3,754.000 INR/Ton in Dec 2024. This records a decrease from the previous number of 3,778.000 INR/Ton for Nov 2024. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data is updated monthly, averaging 1,964.000 INR/Ton from Feb 2011 (Median) to Dec 2024, with 167 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.