The chart above is a sample of historical data taken from Intratec Primary Commodity Prices. It presents price assessments for Iron Ore, in USA Dollar per metric ton (USD/mt), across 4 key locations, as follows:
- Iron Ore (Conc), SAM (South America): Iron Ore (concentrate, 65% Fe content), export spot price, fob, Brazil
- Iron Ore (Fines), CN (China): Iron Ore (fines, 62% Fe content), import spot price, cfr, Qingdao
- Iron Ore (Fin-lum), SEA (Southeast Asia): Iron Ore (fines and lumps, 61.5% Fe content), export spot price, fob, Australia
- Iron Ore, AFR (Africa): Iron Ore, export transaction price, fob, South Africa
- Iron Ore (Fines), SEA (Southeast Asia): Iron Ore (fines, 63.5% Fe content), export spot price, fob, India
This sample data is provided for illustrative purposes only. Subscribe now and access up-to-date monthly prices of 225 commodities, including Iron Ore.
Data Use
Iron Ore prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Iron Ore price assessments are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
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Iron Ore Price Outlook
Iron Ore Price Outlook. The price of Iron Ore (Fines, China) increased during February 2025 to 113 USD per metric ton, which represents a rise of 7% compared to the previous month’s value. On a year-over-year basis, the prices of Iron Ore (Fines, China) decreased significantly by 19%. Meanwhile, the average price of Iron Ore (Fin-lum, Southeast Asia) amounted to 101 USD per metric ton, from 112 USD per metric ton one year earlier. On a month-over-month basis, the price of Iron Ore (Fin-lum, Southeast Asia) is 8% higher than the price one month before.
The price of Iron Ore (Fines, Southeast Asia) was flat throughout February 2025. The price remained the same when compared to the average price in the previous month and was flat when compared to the average price one year earlier . In contrast, the prices of Iron Ore (Africa) increased during February 2025, reaching 102 USD per metric ton, which means a rise of 4% from the previous month’s price and a decline of 12% from the previous year’s price.
The prices of Iron Ore (Conc, South America) experienced a significant rise of 8 USD per metric ton from the prior month's price, to 104 USD per metric ton. Such price movement meant a rise of 8% on a monthly basis and a rise of 3% on a yearly basis.
About Iron Ore
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). Both the iron content and the form its being comercialized in (conc, lump or fines) influences its price. Its primary use is the production of 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.
Iron ore prices are heavily influenced by the demand for steel and construction works. In this context, emerging economies play a central role as infrastructure development and urbanization drive the need for steel, directly impacting iron ore demand.
Iron Ore Handling. 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.
Iron Ore Production. Raw materials and the respective production processes employed in the manufacturing of Iron Ore are listed below.
- Iron ore deposits (mining)
Iron Ore Uses. 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. In addition to the mineral form, there are also differences resulting from the way the ore is produced: concentrate; fines; and lumps. The production of concentrate involves beneficiation processes that upgrade the iron content and reduce the presence of impurities. This results in a product with a higher iron-to-impurity ratio. Fines can be generated as a byproduct during the processing of ore or as a result of natural weathering and erosion. Lumps are often directly mined from the earth and may undergo minimal processing before being shipped.