Iron Ore fell to 96.71 USD/T on July 11, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.31%, but it is still 11.74% lower than a year ago, 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.

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 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.

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.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDM) from Jan 1990 to May 2025 about ore, iron, World, and price.

Discover the key factors influencing iron bar prices per kilogram, including supply and demand dynamics, raw material costs, energy prices, exchange rates, and geopolitical events. Understanding these can aid in planning construction and manufacturing projects.

Explore the factors influencing the price of iron per kilogram, including demand from steel manufacturers, supply chain dynamics, geopolitical tensions, and the shift towards sustainability. Understand how these elements affect strategic financial planning and procurement decisions.

Why did the Grey Cast Iron Price Change in May 2025? The Grey Cast Iron Price Index in North American market showcased an increase during Q1 2025, and by the quarter-ending Grey Cast Iron Spot Price stood at USD 2,793/MT (Plate DEL San Diego).

Explore the complex factors affecting the fluctuating price of iron per kilogram, including market demand, production costs, global economic conditions, and geopolitical influences. Understand how base prices, processing, and regional variations impact costs in different market segments.

Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data was reported at 4,070.000 INR/Ton in Dec 2024. This records an increase from the previous number of 3,948.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh data is updated monthly, averaging 2,200.000 INR/Ton from Apr 2011 (Median) to Dec 2024, with 141 observations. The data reached an all-time high of 5,612.000 INR/Ton in Aug 2021 and a record low of 1,038.000 INR/Ton in Jun 2018. Iron Ore: Average Sale Price: Fines: 58 - 60% Fe: Chhattisgarh 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.

Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, 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 July of 2025.

In 2024, the Nigerien iron ore market decreased by -69.2% to $425K, falling for the third year in a row after six years of growth. Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $4.9M. From 2022 to 2024, the growth of the market remained at a lower figure.

Explore the factors affecting iron angle prices, including raw material costs, production expenses, transportation, market competition, and economic conditions. Understand how global demand, regulatory standards, and trade policies impact pricing dynamics.

In 2023, the average price of iron oxide in the United States was estimated at *** U.S. dollars per kilogram, a slight decrease in comparison to the price reported in the previous year. Nevertheless, when compared to 2019, iron oxide prices in the North American country have nearly tripled. Iron oxide pigments are commonly used in concrete and other building materials.

In 2024, the Ugandan iron ore market was finally on the rise to reach $208K after four years of decline. Over the period under review, consumption, however, saw a precipitous descent. Iron ore consumption peaked at $6.3M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data was reported at 105.306 2005=100 in Dec 2013. This stayed constant from the previous number of 105.306 2005=100 for Nov 2013. Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data is updated monthly, averaging 106.362 2005=100 from Jan 2005 (Median) to Dec 2013, with 108 observations. The data reached an all-time high of 151.490 2005=100 in Sep 2008 and a record low of 93.348 2005=100 in Jan 2010. Cyprus Construction Materials Price Index: MP: Iron & Steel: Structural Steel data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EA008: Construction Materials Price Index: 2005=100.

Iron and Steel Price in Bulgaria - 2023. Find the latest marketing data on the IndexBox platform.

In the fiscal year 2023, the average market price of iron and steel scrap delivered in Japan was around ***** thousand Japanese yen per metric ton. This was a decrease compared to the preceding year.

Manganese traded flat at 29.45 CNY/mtu on July 11, 2025. Over the past month, Manganese's price has risen 0.34%, but it is still 16.45% lower than a year ago, 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 July of 2025.

In 2023, the amount of pig iron and spiegeleisen imported into Morocco contracted dramatically to 77 tons, shrinking by -90.2% compared with the previous year.