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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Chinese domestic authorities are in discussions to implement tighter targets on crude steel production across the country, in a bid to reduce energy consumption and carbon emissions, Fastmarkets understands

A “special action plan for carbon reduction” unveiled by China’s National Development & Reform Commission (NDRC) will reduce the need for coking coal and iron ore by focusing on upgrading existing equipment and the switch to electric-arc furnaces, sources told Fastmarkets this week

The iron ore market is expected to diverge into two segments in line with the steelmaking industry’s march toward reducing carbon emissions, Fastmarkets learned at the 2024 Singapore Iron Ore Forum (SIOF) on Tuesday May 7

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

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