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 demand for high-grade iron ore in 2024 is expected to remain weak due to constrained steelmaking margins, oversupply, and high port inventories.

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.

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.

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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

Pig iron import, cfr Gulf of Mexico, US, $/tonne

Pig iron export, fob port of Vitoria/Rio, Brazil, $/tonne

Pig iron export, fob Ponta da Madeira, Brazil, $/tonne

Pig iron export, fob main port Baltic Sea, CIS, $/tonne

Pig iron export, fob main port Black Sea, CIS, $/tonne

Iron ore 62% Fe fines, fot Qingdao, yuan/wet tonne

Iron ore 62% Fe fines, fot Qingdao, $/tonne conversion

Iron ore fines, % Si VIU, cfr Qingdao, $/tonne

Iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne

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

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