⚙️ Ferrous Metals

Iron Ore Price Today

Iron ore concentrate used as raw material for steel production.

Last updated: June 22, 2026

106.54
USD/MT
-1.55%
24h change
-3.00%
7-day change
-3.21%
30-day change
30-Day Price Trend
About Iron Ore

Iron ore is the primary raw material for steelmaking via the blast furnace route. The benchmark grade is 62% Fe (iron content) CFR China, and prices are heavily influenced by Chinese steel production.

Common Grades & Types
62% Fe Fines (Benchmark)
The primary iron ore benchmark grade, traded on futures exchanges.
65% Fe Lump/Fines
Premium high-grade ore, lower sintering costs for mills.
58% Fe Fines
Lower-grade ore, trades at a significant discount.
Pellets
Agglomerated iron ore with high Fe content, used in direct reduction.
Key Applications
  • Blast furnace pig iron production
  • Direct reduced iron (DRI) and sponge iron
  • Sintering and pelletizing for steel mills
What Drives Iron Ore Prices
  • 1Chinese steel production rates
  • 2Blast furnace utilization rates
  • 3Port inventory in China
  • 4Supply from Australia and Brazil (Rio Tinto, Vale, BHP)
  • 5Seaborne freight costs
Frequently Asked Questions

Historical Prices
Last 30 days — USD/MT
DatePriceDaily Change
Jun 22, 2026106.54-1.55%
Jun 21, 2026108.22-1.65%
Jun 20, 2026110.03+0.69%
Jun 18, 2026109.28+0.28%
Jun 17, 2026108.97-0.52%
Jun 16, 2026109.54-1.91%
Jun 15, 2026111.67+1.68%
Jun 14, 2026109.83+0.78%
Jun 13, 2026108.98-0.35%
Jun 12, 2026109.36+0.76%
Jun 11, 2026108.54-0.33%
Jun 10, 2026108.90-0.19%
Jun 9, 2026109.11+1.03%
Jun 8, 2026108.00-1.04%
Jun 7, 2026109.13-1.70%
Jun 6, 2026111.02-0.27%
Jun 5, 2026111.32+0.73%
Jun 4, 2026110.51+1.16%
Jun 3, 2026109.24-0.41%
Jun 2, 2026109.69+1.74%
Jun 1, 2026107.81+1.66%
May 31, 2026106.05-0.53%
May 30, 2026106.61-0.56%
May 27, 2026107.21-1.43%
May 26, 2026108.76-0.94%
May 25, 2026109.79-0.25%
May 24, 2026110.07
Current Price
106.54
USD/MT
24h
-1.55%
7d
-3.00%
30d
-3.21%
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Prices are indicative and updated daily. Not for use as binding contract prices.