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Iron Ore fell to 93.41 USD/T on July 1, 2025, down 1.12% from the previous day. Over the past month, Iron Ore's price has fallen 2.65%, and is down 15.33% 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 July of 2025.
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Graph and download economic data for Global price of Iron Ore (PIORECRUSDM) from Jan 1990 to May 2025 about ore, iron, World, and price.
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Iron Ore CNY rose to 733 CNY/T on July 3, 2025, up 0.83% from the previous day. Over the past month, Iron Ore CNY's price has risen 4.05%, but it is still 15.21% lower 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.
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.
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Iron ore prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 48.62 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
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Graph and download economic data for Global price of Iron Ore (PIORECRUSDQ) from Q1 1990 to Q1 2025 about ore, iron, World, and price.
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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).
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.
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Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron Ores (WPU1011) from Jan 1947 to May 2025 about ore, iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
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China Export Price: Iron Ore & Concentrate data was reported at 109.821 USD/Ton in Mar 2025. This records an increase from the previous number of 101.512 USD/Ton for Feb 2025. China Export Price: Iron Ore & Concentrate data is updated monthly, averaging 135.109 USD/Ton from Jan 2008 (Median) to Mar 2025, with 205 observations. The data reached an all-time high of 1,112.560 USD/Ton in Feb 2015 and a record low of 57.833 USD/Ton in Jan 2010. China Export Price: Iron Ore & Concentrate 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.
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Iron Ore Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.
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CN: China Iron Ore Price Index (CIOPI) data was reported at 244.040 Apr1994=100 in 06 Dec 2018. This records a decrease from the previous number of 247.840 Apr1994=100 for 05 Dec 2018. CN: China Iron Ore Price Index (CIOPI) data is updated daily, averaging 245.480 Apr1994=100 from Sep 2011 (Median) to 06 Dec 2018, with 1327 observations. The data reached an all-time high of 596.870 Apr1994=100 in 09 Sep 2011 and a record low of 148.990 Apr1994=100 in 16 Dec 2015. CN: China Iron Ore Price Index (CIOPI) data remains active status in CEIC and is reported by China Iron and Steel Association. The data is categorized under China Premium Database’s Price – Table CN.PG: China Iron Ore Price Index (CIOPI): Daily.
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China Import Price: Iron Ore & Concentrate: Asia: Pakistan data was reported at 75.543 USD/Ton in Mar 2025. This records a decrease from the previous number of 79.703 USD/Ton for Feb 2025. China Import Price: Iron Ore & Concentrate: Asia: Pakistan data is updated monthly, averaging 70.210 USD/Ton from Feb 2008 (Median) to Mar 2025, with 165 observations. The data reached an all-time high of 167.877 USD/Ton in Aug 2008 and a record low of 28.084 USD/Ton in Dec 2017. China Import Price: Iron Ore & Concentrate: Asia: Pakistan 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.
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Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand data was reported at 6,302.000 INR/Ton in Jan 2022. This records an increase from the previous number of 2,438.000 INR/Ton for Mar 2021. Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand data is updated monthly, averaging 2,343.000 INR/Ton from Feb 2011 (Median) to Jan 2022, with 91 observations. The data reached an all-time high of 6,302.000 INR/Ton in Jan 2022 and a record low of 1,130.000 INR/Ton in Apr 2016. Iron Ore: Average Sale Price: Lumps: 58 - 60% Fe: Jharkhand 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.
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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.
Iron Ore Market Size 2025-2029
The iron ore market size is forecast to increase by USD 60.9 billion, at a CAGR of 3.3% between 2024 and 2029.
The market is experiencing significant growth, driven primarily by the increasing consumption of high-strength iron ore in the production of stainless steel. The economic expansion in major consumers China and India is fueling this demand, as both countries continue to invest heavily in infrastructure projects and industrial development. However, this market is characterized by high capital requirements, making it a challenging landscape for new entrants. The need for substantial investment in mining and processing facilities, as well as the rising costs of exploration and extraction, pose significant obstacles for companies seeking to capitalize on market opportunities.
Despite these challenges, the potential rewards are substantial, with the ongoing demand for steel and iron ore showing no signs of abating. To navigate these challenges effectively, market participants must stay abreast of the latest trends and developments, including advancements in mining technology and the adoption of sustainable mining practices. Companies that can navigate these challenges effectively, through strategic partnerships, technological innovation, and operational efficiency, are well-positioned to thrive in this dynamic market.
What will be the Size of the Iron Ore Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to exhibit dynamic and evolving characteristics, with various sectors and processes interconnected in intricate ways. Stainless steel, a high-performance alloy, relies on resource estimation and the availability of low-grade iron ore for its production. Waste management plays a crucial role in the mining process, with iron ore mining and mine planning requiring effective strategies to minimize environmental impact. Metallurgical coke, a vital ingredient in steelmaking, is produced through mineral processing and supplied through the complexities of supply chain management. Plate steel, a major application of iron ore, is manufactured using continuous casting and hot rolling, while electric arc furnaces and blast furnaces transform iron ore pellets and pig iron into various steel grades.
Sponge iron, an alternative to traditional ironmaking, is produced through direct reduction, offering potential for reduced carbon footprint. Mine safety, mine closure, and geological surveys are essential aspects of the industry, ensuring efficient and sustainable operations. The market is influenced by commodity markets, geopolitical factors, and environmental regulations. Port handling, rail transport, and sea transport are integral to the logistics of moving raw materials and finished products. Steel production, from open-pit mining to underground mining and from pellet production to pipe steel manufacturing, is a continuous process that adapts to changing market conditions. Futures contracts and quality control are essential tools for managing risk and ensuring consistency in the supply chain.
The ongoing evolution of the market is shaped by the interplay of these various sectors and processes, with each influencing the other in a complex web of interdependencies.
How is this Iron Ore Industry segmented?
The iron ore industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Fines
Pellets
Lump
HBI/DRI
Source
Surface mining
Underground mining
End-use
Steel Manufacturers
Construction Industry
Automotive Industry
Application
Steelmaking
Construction
Automotive
Others
Non-Steel Applications
Production Process
Blast Furnace (BF)
Direct Reduced Iron (DRI)
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
Middle East and Africa
Egypt
KSA
Oman
UAE
APAC
China
India
Japan
South America
Argentina
Brazil
Rest of World (ROW)
By Product Insights
The fines segment is estimated to witness significant growth during the forecast period.
Iron ore fines, the crushed form of high-grade iron ore, play a crucial role in the steel production process. Due to their small particle size, they cannot be directly used in blast furnaces as they obstruct the airflow. Instead, they undergo a process called sintering. In this process, fines are mixed with other materials such as pig iron, metallurgical coke, and limestone to form sinter. The use of iron ore fines in sintering allows for better control of the iron ore and
This statistic depicts the average monthly prices for iron ore worldwide from January 2014 through January 2025. In January 2025, the average monthly price for iron ore worldwide stood at ***** nominal U.S. dollars per dry metric ton.
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Iron Ore stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.
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Graph and download economic data for Producer Price Index by Industry: Iron Ore Mining (PCU212210212210) from Dec 1984 to May 2025 about ore, iron, mining, PPI, industry, inflation, price index, indexes, price, and USA.
Quarterly iron ore prices have globally declined since the first quarter (Q1) of 2023, when they stood at approximately 126.32 U.S. dollars per metric ton. By Q3 2024, one metric ton of iron ore cost around 100.21 U.S.dollars, representing a decline of about 26 U.S. dollars per metric ton of iron ore worldwide since Q1 2023.
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Iron Ore fell to 93.41 USD/T on July 1, 2025, down 1.12% from the previous day. Over the past month, Iron Ore's price has fallen 2.65%, and is down 15.33% 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 July of 2025.