Iron Ore Price History
Interactive iron ore futures price chart with historical data and key statistics.
Affiliate Disclosure: This article may contain affiliate links. If you click and make a purchase, we may receive compensation at no extra cost to you. Full disclosure
Understanding Iron Ore Prices
Iron ore is the primary raw material used in steel production, making it one of the most economically significant commodities in the world. China consumes roughly 70% of global seaborne iron ore, so Chinese steel demand is the dominant price driver.
Iron ore prices are influenced by steel production trends, infrastructure spending, real estate construction activity (particularly in China), and supply conditions from major producers in Australia and Brazil.
The iron ore market has historically been cyclical, tracking global economic growth and industrial output. Government stimulus programs, infrastructure investment plans, and trade policies can create significant price movements.