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.

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.

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 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 how iron ore prices on the LME reflect industrial health, driven by global demand, supply dynamics, and economic policies. Learn about the influence of key producers, technological advances, and market speculation on pricing trends.

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 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.

Learn about the various factors influencing the current market price of iron ore, including global demand, production levels, and geopolitical events. Understand the role of major steel-producing countries like China, production levels of key exporters like Australia and Brazil, and the impact of geopolitical events on iron ore prices. Stay informed to make strategic investment decisions in the volatile iron ore market.

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: 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.

Explore the factors influencing iron ore prices, a vital component in global steel production, including demand in China, supply disruptions, and geopolitical tensions. Stay updated on current market trends, supply chain shifts, regulatory changes, and more for informed investment and manufacturing decisions.

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

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.

Iron Ore 62% fe stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Explore the current trends affecting iron ore prices, including global demand, production disruptions, and economic conditions. Understand how major factors like construction slowdowns and geopolitical shifts impact the market, with insights from experts on the future price outlook.

Iron Ore: Average Sale Price: Fines: 62 - 65% Fe: Karnataka data was reported at 5,439.000 INR/Ton in Dec 2024. This records an increase from the previous number of 5,295.000 INR/Ton for Nov 2024. Iron Ore: Average Sale Price: Fines: 62 - 65% Fe: Karnataka data is updated monthly, averaging 2,912.000 INR/Ton from Aug 2009 (Median) to Dec 2024, with 185 observations. The data reached an all-time high of 7,144.000 INR/Ton in Aug 2021 and a record low of 804.000 INR/Ton in Aug 2009. Iron Ore: Average Sale Price: Fines: 62 - 65% 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.

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.