⚙️ Ferrous Metals

Iron Ore Price Today

Iron ore concentrate used as raw material for steel production.

Last updated: April 2, 2026

108.01
USD/MT
+1.84%
24h change
+0.85%
7-day change
-7.38%
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
Apr 2, 2026108.01+1.84%
Apr 1, 2026106.06+1.41%
Mar 31, 2026104.59+1.74%
Mar 30, 2026102.80-0.37%
Mar 29, 2026103.18-1.04%
Mar 28, 2026104.26-1.47%
Mar 27, 2026105.82-1.20%
Mar 25, 2026107.10-1.33%
Mar 24, 2026108.54-0.70%
Mar 23, 2026109.30+1.26%
Mar 22, 2026107.94+0.76%
Mar 21, 2026107.13-1.52%
Mar 20, 2026108.78-0.57%
Mar 19, 2026109.40-1.03%
Mar 18, 2026110.54+0.43%
Mar 17, 2026110.07+0.84%
Mar 16, 2026109.15-1.23%
Mar 15, 2026110.51+0.70%
Mar 14, 2026109.74-1.18%
Mar 13, 2026111.05-1.18%
Mar 12, 2026112.38+1.16%
Mar 11, 2026111.09-1.80%
Mar 10, 2026113.13-1.66%
Mar 9, 2026115.04+0.97%
Mar 8, 2026113.94-1.61%
Mar 7, 2026115.80+0.20%
Mar 6, 2026115.57+1.27%
Mar 5, 2026114.12-2.14%
Mar 4, 2026116.61
Current Price
108.01
USD/MT
24h
+1.84%
7d
+0.85%
30d
-7.38%
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Prices are indicative and updated daily. Not for use as binding contract prices.