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.

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.

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 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 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.

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 99.58 nominal U.S. dollars per dry metric ton.

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 (83.50 U.S. dollars per metric ton) as compared to the average price in 2019 (90.40 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.

Iron Ore Price in Spain - 2023. Find the latest marketing data on the IndexBox platform.

Iron Ore Price in Morocco - 2022. Find the latest marketing data on the IndexBox platform.

Graph and download economic data for Wholesale Price of Pig Iron, Composite for United States (M0410CUSM299NNBR) from Jan 1921 to Jun 1942 about composite, iron, wholesale, metals, price, and USA.

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.

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.

Iron and steel scrap prices in the United State stood at around 325 U.S. dollars per metric ton in 2024. The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among various other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data was reported at 18,100.000 USD/Ton in Sep 2024. This records an increase from the previous number of 13,087.049 USD/Ton for Oct 2023. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data is updated monthly, averaging 13,043.524 USD/Ton from May 2014 (Median) to Sep 2024, with 10 observations. The data reached an all-time high of 36,100.000 USD/Ton in Jun 2021 and a record low of 228.333 USD/Ton in Aug 2020. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe 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.

Explore the historical trends in iron ore pricing, a key indicator of industrial economic health, influenced by global demand, supply dynamics, and economic conditions. From early 2000s demand surges to COVID-19 impacts, understand the factors shaping iron ore prices.

Explore the multifaceted factors influencing international iron ore prices, including demand from the steel industry, supply conditions in leading exporting countries, macroeconomic trends, and speculative activities. Understand how these elements affect market dynamics, historical trends, and future developments.

In the fiscal year 2022, the average import price of iron ore in Japan amounted to around 16.56 thousand Japanese yen per ton. Iron ore is one of the basic raw materials needed to produce steel, of which Japan is one of the leading producers worldwide.

Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Orissa data was reported at 3,673.000 INR/Ton in Dec 2024. This records a decrease from the previous number of 3,701.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Orissa data is updated monthly, averaging 1,327.000 INR/Ton from Mar 2011 (Median) to Dec 2024, with 165 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.WAC009: Iron Ore Average Sale Price.

Iron Ore Price in Poland - 2023. Find the latest marketing data on the IndexBox platform.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap was 601.79000 Index 1982=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap reached a record high of 859.24200 in April of 2022 and a record low of 33.30000 in July of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap - last updated from the United States Federal Reserve on March of 2025.