Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin rebounded towards $125-per-tonne, a level not seen in almost two weeks, on solid demand prospects amid easing coronavirus-induced restrictions in Shanghai and other Chinese cities. Several steelmakers are due to restart production idled amid declining margins and insufficient demand to replenish inventories. Still, lingering worries that a global economic slowdown triggered by an aggressive tightening from major central banks would dampen metal's demand should limit any significant upside in prices in the months ahead. .

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 June of 2022.

Iron Ore is expected to trade at 112.17 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 100.11 in 12 months time.

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Iron Ore

Price Day Month Year
Gold 1,815.45 -1.66 -0.09% -1.18% 2.19%
Silver 20.71 0.003 0.01% -3.83% -20.38%
Copper 3.76 -0.0215 -0.57% -12.53% -11.42%
Steel 4,485.00 -37.00 -0.82% -0.82% -9.78%
Iron Ore 124.50 0 0% -8.79% -42.23%
Lithium 477,500.00 0 0% 1.92% 436.52%
Platinum 919.87 3.09 0.34% -4.65% -15.03%

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.
Actual Previous Highest Lowest Dates Unit Frequency
124.50 124.50 229.50 39.00 2007 - 2022 USD/MT Daily