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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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Brazilian miners bet on high-grade iron metallics in race for Scope 3 carbon neutrality

As the world’s second-largest iron ore exporter, Brazil is expected to play a key role in helping the global steel industry slash carbon dioxide (CO2) emissions; Brazilian companies are already taking action to mitigate greenhouse gas (GHG) protocol Scope 3 emissions – those encompassing the entire value chain

November 30, 2023
 · 
By: the Fastmarkets team
Resurgent demand for iron ore pellet feed to drive wedge within high-grade market

Stronger buying appetite for pellet feed products among Chinese buyers has led to higher seaborne premiums since late July, with market participants expecting a wider price gap between high-grade pellet feed and high-grade sinter fines, sources told Fastmarkets on Friday August 25

August 30, 2023
 · 
By: Norman Fong
Chinese demand for low-grade iron ore pushes FMG shipments to record levels

Low margins at Chinese steelmakers so far in 2023 have boosted demand for lower-grade iron ore products, which has led to record iron ore shipments from Australia’s FMG in its financial year to June 30, sources told Fastmarkets this week

August 9, 2023
 · 
By: Alice Li
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MB-IRO-0005

Pig iron export, fob port of Vitoria/Rio, Brazil, $/tonne

MB-IRO-0006

Pig iron export, fob Ponta da Madeira, Brazil, $/tonne

MB-IRO-0001

Pig iron export, fob main port Baltic Sea, CIS, $/tonne

MB-IRO-0002

Pig iron export, fob main port Black Sea, CIS, $/tonne

MB-IRO-0011

Iron ore 62% Fe fines, fot Qingdao, yuan/wet tonne

MB-IRO-0022

Iron ore 62% Fe fines, fot Qingdao, $/tonne conversion

MB-IRO-0020

Iron ore 62% Fe fines, % Si VIU, cfr Qingdao, $/tonne

MB-IRO-0009

Iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne

MB-IRO-0010

Iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao, US cents/dmtu

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