⚙️ Ferrous Metals

Iron Ore Price Today

Name: Iron Ore price, daily, USD/MT
Creator: MetalsPlace

Iron ore concentrate used as raw material for steel production.

Last updated: November 10, 2026

Source: Iron ore 62% Fe index, via MetalpriceAPI

84.50

USD/MT

+0.01%

24h change

+1.60%

7-day change

+2.24%

30-day change

Iron Ore (Iron ore 62% Fe index) was 84.50 USD/MT on 10 November 2026, according to MetalpriceAPI data. That is up 2.24% since 11 Oct 2026.

Iron Ore price facts and sources
Price	84.50 USD/MT
As of	10 November 2026
Type of figure	Market price, live data updated daily
What it measures	Iron ore 62% Fe index
Source	MetalpriceAPI market data
Change since 11 Oct 2026	+2.24%
Unit	USD/MT (US dollars per metric tonne)

Indicative only, not a contract price. How MetalsPlace sources its prices

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

What grade of iron ore is the benchmark?

The global benchmark is 62% Fe iron ore fines, CFR Qingdao (China). This is tracked by the SGX TSI Iron Ore 62% Fe futures contract and Platts IODEX.

Historical Prices

Last 30 days — USD/MT

Date	Price	Daily Change
Nov 10, 2026	84.50	—
Nov 9, 2026	84.49	—
Nov 8, 2026	84.49	—
Nov 7, 2026	84.49	-0.45%
Nov 6, 2026	84.87	+1.26%
Nov 5, 2026	83.81	+1.01%
Nov 4, 2026	82.97	-0.24%
Nov 3, 2026	83.17	+0.59%
Nov 2, 2026	82.68	—
Nov 1, 2026	82.68	—
Oct 31, 2026	82.68	—
Oct 30, 2026	82.68	—
Oct 29, 2026	82.67	—
Oct 28, 2026	82.67	-0.08%
Oct 27, 2026	82.74	-0.06%
Oct 26, 2026	82.79	—
Oct 25, 2026	82.79	—
Oct 24, 2026	82.79	+0.11%
Oct 23, 2026	82.70	-0.13%
Oct 22, 2026	82.81	—
Oct 21, 2026	82.81	-0.11%
Oct 20, 2026	82.90	+0.06%
Oct 19, 2026	82.85	—
Oct 17, 2026	82.85	+0.36%
Oct 16, 2026	82.55	-0.19%
Oct 15, 2026	82.71	+0.02%
Oct 14, 2026	82.69	-0.12%
Oct 13, 2026	82.79	+0.17%
Oct 12, 2026	82.65	—
Oct 11, 2026	82.65	—