Iron ore

Follow the critical developments facing the iron ore market, including iron ore market forecasts and analysis and iron ore price data

Iron ore is one of the most important steelmaking ingredients used by steelmakers across the globe. Iron ore is the most abundant source of iron for large-scale steel production and is fast growing in importance as the industry strives to lower CO2 emissions. With demand for green steel production growing, steelmakers are seeking smarter ways to incorporate low-carbon steelmaking raw materials into their strategies, including higher-grade ores like our 65% iron ore price, 66% iron ore index and 67.5% iron ore pellet feed indices.

With Fastmarkets’ iron ore price data and market insights, you can:
  • Improve your negotiations in term contracts and in spot market transactions with our reliable iron ore benchmark prices
  • Trade confidently knowing our transparent pricing methodology is impartial, market-reflective and market-aligned
  • Inform your business strategy and minimize your exposure to risk with our informative coverage of the iron ore market.
Our team of experts provides global and local data-driven insights, prices, forecasts and market news to help you make sense of the forces influencing the fast-paced iron ore market. Fastmarkets’ insights and analysis for the iron ore market are backed by the intelligence of industry-leading brands such as Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals.

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The Chinese government has set a 5% target for growth of the country’s gross domestic product (GDP) in 2024, compared with the increase of 5.2% in 2023, according to a Government Work Report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing

Premiums for direct-reduced (DR) iron ore pellet from Brazil are expected to move lower in the second quarter of the year in response to weaker demand from major importers amid increasing inventory, sources told Fastmarkets

Trading activity for pellet feed imported into China increased in the week to Friday January 19, with more tenders from Australia. The pellet feed premium, however, continued to face downward pressure from uncertain demand outlook among market participants, sources told Fastmarkets

Browse our prices

Iron ore spot 67.5% Fe magnetite-hematite pellet feed price differential, cfr Qingdao, $/tonne

Iron ore 65% Fe concentrate premium, cfr Qingdao, $/tonne

Iron ore 67.5% Fe pellet feed premium, cfr Qingdao, $/tonne

Iron ore 67.5% Fe pellet feed, cfr Qingdao, $/tonne

Iron ore DR-grade pellet premium indicator, $/tonne

Pig iron, import, cfr China, $/tonne

Iron ore pellet premium over 65% Fe fines, cfr China, $/tonne

Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne

Pig iron foundry grade, Brazil, fob New Orleans, $/tonne

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