⚙️ Ferrous Metals

Iron Ore Price Today

Iron ore concentrate used as raw material for steel production.

Last updated: April 23, 2026

109.18
USD/MT
+1.71%
24h change
-0.26%
7-day change
+1.94%
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 23, 2026109.18+1.71%
Apr 22, 2026107.34-1.21%
Apr 21, 2026108.66-1.62%
Apr 20, 2026110.45-0.58%
Apr 19, 2026111.09-0.60%
Apr 17, 2026111.76+1.08%
Apr 16, 2026110.57+1.01%
Apr 15, 2026109.46+0.21%
Apr 14, 2026109.23-0.26%
Apr 13, 2026109.52+0.33%
Apr 12, 2026109.16-1.22%
Apr 11, 2026110.51-1.42%
Apr 10, 2026112.10-0.59%
Apr 9, 2026112.76-0.26%
Apr 6, 2026113.05+1.59%
Apr 5, 2026111.28+1.36%
Apr 4, 2026109.79+1.07%
Apr 3, 2026108.63+0.57%
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
Current Price
109.18
USD/MT
24h
+1.71%
7d
-0.26%
30d
+1.94%
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Prices are indicative and updated daily. Not for use as binding contract prices.