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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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Iron ore mine
China to see resurgence of low-grade iron ore | 2024 preview

These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China’s real estate sector

January 11, 2024
 · 
By: Alice Li
Iron ore mine
China’s 2024 ‘Blue Sky War’ to add uncertainty to iron and steel markets | 2024 preview

China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors, market sources told Fastmarkets

December 22, 2023
 · 
By: the Fastmarkets team
Brazilian Q1 2024 DR-BF pellet premium spread widens amid weaker EU demand

Price differentials between Brazilian direct-reduced (DR) iron ore pellets and blast furnace (BF) pellets for the first quarter of 2024 are showing signs of widening amid weaker demand for BF pellets in Europe, sources told Fastmarkets Thursday November 30

December 1, 2023
 · 
By: the Fastmarkets team
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Browse our prices
MB-IRO-0078

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

MB-IRO-0079

Pig iron basic grade, Ukraine/Russia, fob New Orleans, $/tonne

MB-IRO-0077

Iron ore DR-grade pellet premium, quarterly contract, $/tonne

MB-IRO-0024

Iron ore 62% Fe fines, 0.01% P VIU, cfr Qingdao, $/tonne

MB-IRO-0023

Direct reduced iron domestic, exw India, rupees/tonne

MB-IRO-0014

Pig iron import, cfr Italy, $/tonne

MB-IRO-0019

Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao $/tonne

MB-IRO-0021

Iron ore 62% Fe fines, % Al2O3 VIU, cfr Qingdao, $/tonne

MB-IRO-0004

Pig iron import, cfr Gulf of Mexico, US, $/tonne

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