| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Iron | China | FOB | USD 3,409.08/MT | April 2026 |
| Iron | India | CIF | USD 3,459.08/MT | April 2026 |
| Iron | USA | CIF | USD 3,496.08/MT | April 2026 |
| Iron | Germany | CIF | USD 3,535.08/MT | April 2026 |
| Iron | Australia | CIF | USD 3,447.08/MT | April 2026 |
| Iron | China | FOB | USD 3,342.24/MT | March 2026 |
| Iron | India | CIF | USD 3,397.24/MT | March 2026 |
| Iron | USA | CIF | USD 3,429.24/MT | March 2026 |
| Iron | Germany | CIF | USD 3,424.24/MT | March 2026 |
| Iron | Australia | CIF | USD 3,386.24/MT | March 2026 |
Stay updated with the latest iron prices, historical data, and tailored regional analysis
Asia
In Asia, iron prices remained generally steady but showed mild upward pressure during Q4’25. China continued to import large volumes of iron ore, supporting port inventories despite slower steel production. Strong demand from industrial projects and the green energy sector, including wind and EV-related steel, helped balance the market. Some temporary disruptions in supply, such as pricing disputes with major Australian exporters, added short-term volatility. Overall, buyers in Asia remained cautious, managing stock levels carefully while taking advantage of competitive offers from Brazil and other suppliers.
Europe
In Europe, iron prices rose moderately as consumption started to recover. Italian mills and distributors rebuilt inventories, turning to Ukrainian and Brazilian pig iron to secure supply after sanctions limited access to Russian material. High energy costs continued to weigh on foundries, making buyers selective. Despite these challenges, improving buying interest in the steel sector contributed to a slight upward trend, as producers tried to ensure materials were available before year-end. Overall, the market saw a cautious optimism, supported by recovering demand but constrained by structural challenges in the industry.
North America
In North America, iron prices were relatively stable but showed limited upward movements. Domestic production remained steady, and supply was sufficient to meet moderate demand. End-users, particularly in construction and manufacturing, remained careful in their purchasing decisions, given the global oversupply and rising inventories. While market activity increased slightly toward the end of the quarter, price gains were modest, with most buyers waiting for clearer signals from both local and international markets before purchasing larger volumes.
Analyst Insight
According to Procurement Resource, Iron prices may remain stable with occasional upward fluctuations as global supply and demand gradually rebalance, but strong inventory levels are likely to limit sharp increases.
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Asia
In Asia, iron prices moved in mixed directions during the third quarter of 2025. At the start of the quarter, prices increased slightly as steelmakers boosted production and market activity improved with renewed buying interest. However, as the quarter went on, prices softened when China introduced new production limits in key steel-producing provinces.
These restrictions reduced demand for raw materials like iron, while very hot weather slowed construction and weakened steel consumption. Toward the end of September, prices recovered a little when some mills resumed output ahead of the holidays and restocked materials. Overall, Asian iron prices rose early in the quarter, dipped in the middle, and steadied toward the end, showing only small changes overall.
Europe
In Europe, iron prices mostly remained stable through Q3’25. Demand from the steel and construction sectors stayed weak, which limited any strong price movement. Early in the quarter, some optimism from better economic signals and positive investor mood helped prices move up. But this support faded later as mills cut production and relied on existing stocks.
Imports from major suppliers such as Brazil stayed steady, keeping supply balanced. Even though a weaker euro raised import costs, low profit margins in the steel industry kept prices from rising much. By the end of the quarter, European iron prices showed little change, reflecting slow demand but comfortable supply levels.
North America
In North America, iron prices followed a similar path to the global trend. Early in the quarter, stronger expectations for infrastructure and manufacturing growth lifted market confidence. But as the months went on, soft global steel prices and slower Chinese demand made buyers more cautious. Supply from key producers remained smooth, and inventories were sufficient, leading to limited trading activity. Prices moved in a narrow range with mild weakness toward the quarter’s close.
Iron is a well-known chemical element. It is a metal which belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most typical element on the earth, forming much of its outer and inner core. Iron shares several properties of other transition metals, including the other group 8 elements, ruthenium and osmium. Further, it is also a significant part of plant and animal life and works as an oxygen carrier in haemoglobin.
Fe
Steel and other alloys, Metals, Tools, Automobile, Bars, Rods, Others
Tata Steel BSL Ltd, Bharat Engineering Works, Essar Steel, Jindal Steel & Power Ltd, JSW Steel, Lloyds Metals and Energy Limited
CurrencyUS$ (Data can also be provided in local currency)
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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.
In this process, the blast furnace is loaded with iron ores, generally hematite or magnetite together with coke. Air pre-heated to 900 °C is blown through this mixture to turn the carbon into carbon monoxide. This reaction raises the final temperature to approximately 2000 °C and the carbon monoxide reduces the iron ore that finally results in the formation of metallic iron.
Rakesh Nandi
Team Lead - Market Research
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This report presents the economics of sulphuric acid production from iron pyrite. In this industrial process, gas produced from the heating of iron pyrite (iron sulfide) is first treated to purify and isolate sulfur dioxide (SO2). This gas typically contains impurities that are removed to increase the efficiency of the subsequent steps. Once purified, the sulfur dioxide is then converted into sulfur trioxide (SO3) through a catalytic oxidation process. This conversion is typically facilitated by a catalyst such as vanadium pentoxide (V2O5) at high temperatures. The sulfur trioxide produced is a key intermediate used in the manufacture of sulfuric acid.
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