Iron Ore Price Trends

Procurement Resource provides latest prices of Iron Ore. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Chart Description

Procurement Resource provides prices of Iron Ore for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Iron Ore

Iron Ores are rich with iron oxides, which make them suitable for the iron extraction. The physical appearance of these ores is not rigid because of their colour. It might vary from dark grey, bright yellow, deep purple to rusty red. The iron extracted from ores is generally found in the form of magnetite, hematite, goethite, limonite, or siderite.

Industrial Uses

  • Steel
  • Structural engineering applications 
  • In maritime purposes 
  • Automobiles
  • General industrial applications

Production Process

  • Production of Iron Ores via Mining

Iron Ores are extracted through the process of mining. They are further processed in a magnetic separation for refining and finally obtain iron. However, Iron-Ore mining processes can vary depending on the type of ore being mined. 

Supplier Database:

  • Samarco Mineracao S.A. 
  • Rio Tinto plc
  • Vale S.A.
  • Anglo American plc
  • Fortescue Metals Group Ltd.

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Procurement Resource also provides the production cost analysis of Iron Ore.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).