Iron ore with 63.5% iron content for delivery in Tianjin fell back to below the $120 per metric tonne level after briefly touching one-month highs of $129 in mid-October, remaining well below an all-time high of $229.50 in May of 2021. The debt crisis faced by Chinese property firms remains a threat to industrial metals and the power shortage in China is likely to continue into winter while production curbs in the country are already hurting companies and households. According to reports, more than 80% of China’s domestic steel mills have suspended operations for maintenance in September.

Historically, Iron Ore reached an all time high of 229.50 in May of 2021. Iron Ore - data, forecasts, historical chart - was last updated on October of 2021.

Iron Ore is expected to trade at 119.75 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 131.73 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Iron Ore


Price Day Month Year
Gold 1,767.23 -28.33 -1.58% 0.79% -6.94%
Silver 23.30 -0.240 -1.02% 1.62% -3.60%
Copper 4.72 0.1100 2.39% 10.34% 54.41%
Steel 5,661.00 23.00 0.41% 0.96% 56.29%
Iron Ore 115.00 2.00 1.77% 1.32% -2.95%
Lithium 181,000.00 2,000.00 1.12% 20.67% 364.10%
Platinum 1,053.98 -1.19 -0.11% 12.97% 22.54%


Iron Ore
Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine and South Africa.