Iron Ore Price | Current and Forecast
Monitor Iron Ore Prices Worldwide
Plans Starting at $299 USD /year
See monthly Iron Ore prices in 5 locations: South America, South Asia & Oceania, China, Africa. Also check Iron Ore price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Iron Ore.
Data Legend. The Iron Ore price chart shows the prices in USA Dollar per metric ton (USD/mt) in 5 locations, as follows:
- SAM: Iron Ore, conc, South America, transaction, fob, Brazil
- fines, SEA: Iron Ore, (63.5% Fe content), South Asia & Oceania, spot, fob, India
- fin-lum, SEA: Iron Ore, fines and lumps (61.5% Fe content), South Asia & Oceania, spot, fob, Australia
- CN: Iron Ore, fines, China, spot, cfr, Qingdao
- AFR: Iron Ore, Africa, transaction, fob, South Africa
Data Use. Iron Ore prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
Track global current prices of 237 commodities including Iron Ore
Current Monthly Prices
Price History & Forecasts
Prices in Multiple Locations
Download Data
Plans Starting at $299 USD /year
Price Dynamics. The Iron Ore price in China increased during November 2018 to 74 USD per metric ton, which represents a considerable rise of 9% compared to the previous month’s value. On a year-over-year basis, Iron Ore prices in China decreased by 5%. Meanwhile, in India, the average price of Iron Ore amounted to 50 USD per metric ton, from 34 USD per metric ton one year earlier. On a month-over-month basis, the Iron Ore price in India is 16% higher than the price one month before.
The price of Iron Ore in Australia rose slightly throughout November 2018, reaching 58 USD per metric ton. The price in Australia is 4% higher than the average price in the previous month and 16% higher than the average price one year before. In contrast, Iron Ore prices in Brazil decreased modestly during November 2018, reaching 47 USD per metric ton, which means a decline of 3% from the previous month’s price and a rise of 16% from the previous year’s price.
The Iron Ore prices in South Africa experienced a rise of 4 USD per metric ton from the prior month's price, to 69 USD per metric ton. Such price movement in South Africa meant a rise of 7% on a monthly basis and a rise of 10% on a yearly basis.
About Iron Ore. Iron Ore is a rock or mineral that is a source of metallic iron. Iron is usually found in the form of magnetite (Fe3O4, 72,4% Fe), hematite (Fe2O3, 69,9% Fe), goethite (FeO(OH), 62,9% Fe), limonite (FeO(OH).n(H2O), 55% Fe) or siderite (FeCO3, 48,2% Fe). The primary use of iron ore is to produce iron which is then used to make steel. It is the most used metal by tonnage and purpose. Iron ore extraction takes place in many countries, and this industry is constantly growing due to the wide applicability of iron.
The iron ore is initially submitted to a treatment before transportation. Nowadays, iron ore is transported over long distances, because only a few ore-producing regions can met the iron ore demand of the most important steel-producing regions. As a consequence, the transportation system represents the main component in the price of iron ore. It can be transported in railroads, ports and ships via network integration with mines.
Raw materials and the respective production processes employed in the manufacturing of Iron Ore are listed below.
- Iron ore deposits (mining)
The uses and applications of Iron Ore may vary according to its specification. The main forms of Iron Ore are hematite; magnetite; limonite; siderite; goethite; ankerite; and turgite.
