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 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.

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.

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.

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.

Iron Ore Price in Vietnam - 2021. Find the latest marketing data on the IndexBox platform.

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.

In June 2023, the price of Iron Ore amounted to $69.1 per ton (FOB, Brazil), decreasing by -16.9% compared to the previous month.

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

Iron Ore: Average Sale Price: Fines: 55 - 58% Fe: Orissa data was reported at 3,322.000 INR/Ton in Dec 2024. This records an increase from the previous number of 2,970.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 55 - 58% Fe: Orissa data is updated monthly, averaging 1,212.000 INR/Ton from Apr 2011 (Median) to Dec 2024, with 164 observations. The data reached an all-time high of 4,784.000 INR/Ton in Feb 2024 and a record low of 568.000 INR/Ton in Aug 2017. Iron Ore: Average Sale Price: Fines: 55 - 58% 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.

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.

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.

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.

China Import Price: Iron Ore & Concentrate: Latin America: Mexico data was reported at 81.049 USD/Ton in Dec 2024. This records an increase from the previous number of 80.503 USD/Ton for Nov 2024. China Import Price: Iron Ore & Concentrate: Latin America: Mexico data is updated monthly, averaging 99.918 USD/Ton from Jan 2008 (Median) to Dec 2024, with 184 observations. The data reached an all-time high of 51,500.000 USD/Ton in Jun 2023 and a record low of 39.619 USD/Ton in Aug 2018. China Import Price: Iron Ore & Concentrate: Latin America: Mexico 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.

Manganese increased 1.50 CNY/mtu or 5.22% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on March of 2025.

India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data was reported at 4,906.000 INR/Ton in Dec 2024. This records an increase from the previous number of 4,845.000 INR/Ton for Nov 2024. India Iron Ore: Average Sale Price: Fines: 62 - 65% Fe data is updated monthly, averaging 2,319.000 INR/Ton from Aug 2009 (Median) to Dec 2024, with 185 observations. The data reached an all-time high of 7,787.000 INR/Ton in Jul 2021 and a record low of 486.000 INR/Ton in Sep 2009. India Iron Ore: Average Sale Price: Fines: 62 - 65% 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.

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.

In 2024, the Indian iron ore market decreased by -8.1% to $5.3B, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market hit record highs at $11.3B in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Karnataka data was reported at 4,679.000 INR/Ton in Dec 2024. This records a decrease from the previous number of 4,813.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Karnataka data is updated monthly, averaging 2,519.500 INR/Ton from Feb 2011 (Median) to Dec 2024, with 166 observations. The data reached an all-time high of 5,744.000 INR/Ton in Jul 2021 and a record low of 959.000 INR/Ton in Mar 2016. Iron Ore: Average Sale Price: Fines: 60 - 62% Fe: Karnataka 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.

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.