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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.
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:
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The global iron ore market, a pivotal component of the steelmaking industry, has historically been driven by simple supply and demand dynamics. However, steel trade tariffs, trade wars and a growing trend toward resource nationalism are reshaping this once-basic industrial staple. These forces, alongside rising environmental regulations and shifting trade patterns, are profoundly influencing iron ore pricing, production and consumption trends.
The playing field for global iron ore brands could be poised to be leveled, given a recent announcement on lower iron content in a key mainstream Australian direct shipping ore, iron ore market participants told Fastmarkets, adding that the development could narrow the price disparities between major Australian mid-grade iron ore brands.
At Fastmarkets’ International Iron Ore & Green Steel Summit 2025, we expect topics such as iron ore pricing trends, green steel developments and growing demand for high-grade pellets to emerge. The event will address decarbonization, Europe’s green steel growth and shifts in scrap and pellet markets driven by supply and cost changes.
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Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao $/tonne
Iron ore fines, % Al2O3 VIU, cfr Qingdao, $/tonne
Pig iron export, fob Ponta da Madeira, Brazil, $/tonne
Pig iron export, fob port of Vitoria/Rio, Brazil, $/tonne
Pig iron import, cfr Gulf of Mexico, US, $/tonne
Pig iron export, fob main port Baltic Sea, CIS, $/tonne
Pig iron export, fob main port Black Sea, CIS, $/tonne
Iron ore 61% Fe fines, fot Qingdao, $/tonne conversion
Iron ore 61% Fe fines, fot Qingdao, yuan/wet tonne
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