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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What’s happening in the iron ore market?

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

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.

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.

Brazilian miner Vale’s fourth-quarter premiums for direct-reduced (DR) and blast furnace (BF) iron ore pellets have been adjusted to their lowest levels since the start of the year – but what does this key supplier’s move reveal about the state of steelmaking in 2024?

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

Track iron ore prices today with market-reflective price data and iron ore price charts

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