Whats happening in the iron ore market?

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.

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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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What’s happening in the iron ore market?

Get the latest iron ore news and market analysis from our team of expert price reporters

China’s next strategic move: Overseas investments in high-grade iron ore

Jinnan Iron & Steel Group is the latest company to join the push to expand China’s steelmaking footprint in the Middle East and is working with Brazil’s Vale to establish an iron ore concentration plant at the Sohar Port and Freezone in Oman, Fastmarkets understands.

October 31, 2024

By: Alice Li

Chinese nickel pig iron prices push up to 11-month high

Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.

October 24, 2024

By: laura li

Fastmarkets launches green prices for Asia long steel, China HRC as industry eyes sustainable future

There are more signs emerging of the green steel evolution in Asia, even as steelmakers seek to differentiate themselves with green certifications to edge ahead of competitors, market sources have told Fastmarkets.

October 8, 2024

By: Paul Lim

Browse our prices

MB-IRO-0190

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

MB-IRO-0189

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

MB-IRO-0188

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

MB-IRO-0187

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

MB-IRO-0186

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

MB-IRO-0178

Pig iron, import, cfr China, $/tonne

MB-IRO-0177

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

MB-IRO-0144

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

MB-IRO-0079

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

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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