Iron ore market

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

The iron ore market moves fast, driving critical industries like steelmaking. Shaped by factors such as supply, demand, geopolitics and sustainability, it presents continuous challenges for businesses aiming to stay ahead. 

Fastmarkets provides the clarity you need to navigate this dynamic market. Backed by decades of expertise and up-to-the-minute data, we deliver insights that empower you to make confident, informed decisions. 

Tapping the iron ore market

Timely, verified information is the key to staying ahead in a competitive landscape. Fastmarkets delivers essential updates on prices, supply chains and industry developments, ensuring you’re always well-informed and ready to act. Our comprehensive coverage includes:

  • Iron ore price trends and forward-looking forecasts
  • Policy and trade developments shaping the market
  • Sustainability and emissions trends driving demand shifts
  • Insights into mining production and export data

Take control of your business decisions with trusted, actionable insights. Unlock the iron ore market today.

Iron ore market highlights

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

The global iron ore market is at a turning point as quality becomes a critical focus. While steelmakers race toward cleaner production methods that require higher-grade ore, the supply side tells a different story. Declining grades and rising impurities are forcing market participants to reassess traditional benchmarks and adopt new pricing methodologies that reflect the realities of today’s traded material.

Iron ore is now the new pawn in international geopolitics, with China now pushing yuan-based payments for imported iron ore

Boston Metal is pioneering carbon-free steel production through its molten-oxide electrolysis technology, securing key partnerships and demonstrating industrial milestones in Brazil, Finland and the US. The company’s progress in anode durability and scalability positions it at the forefront of green steel innovation.

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Fastmarkets’ mission is to provide market-reflective, independent data with integrity and care, ensuring trust in our pricing methodologies. Our independently audited pricing process aligns with core IOSCO principles.

Browse our iron ore prices

Iron ore 62% Fe Australia-origin lump ore premium, cfr Qingdao, US cents/dmtu

High-grade iron ore, 0.5% Si VIU, cfr Qingdao, $/tonne

Iron ore 61% Fe fines, cfr Qingdao, $/tonne

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, cfr Qingdao, $/tonne

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

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

Pig iron, import, cfr China, $/tonne

Fastmarkets’ benchmark iron ore prices allow you to negotiate better, reduce risk and make informed decisions

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