Understanding Iron ore, CFR spot prices
Raw materials and production
Iron ore contains iron-bearing minerals that are processed into products such as fines, lump ore or pellets. Iron content, moisture and impurities affect usability. These characteristics are central to the value of a shipment.
Applications and consumption
Steelmaking consumes iron ore to produce iron for further refining into steel. Different furnaces and processing routes require different ore specifications. Construction, machinery and transport demand influence the steel output that ultimately drives ore consumption.
What affects Iron ore, CFR spot prices?
Steel production, mine output, ore quality and shipping costs affect iron-ore prices. Port stocks and changes in steel-mill margins can alter buying activity. Iron-content units, dry-weight conventions and delivery terms must be checked before comparing quotations.
How to read Iron ore, CFR spot price today
This page follows Iron ore, CFR spot in Iron ore, CFR spot. The price type is Monthly average, with values expressed in USD/dmtu. Compare quotations only after matching the product specification, unit, market and publication period. Changes in the chart describe the recorded series; they do not measure every transaction in the wider market. A local purchase may include freight, processing, taxes or dealer margins. Differences in quality or delivery conditions can therefore produce a different final cost even when the reference price is unchanged.
This is a monthly series. Its latest value belongs to the displayed publication month; a monthly average, settlement or contract reference is not an intraday price today.
Further reading: World Steel Association — raw materials ↗
Frequently asked questions about Iron ore, CFR spot
What is Iron ore, CFR spot price today?
The latest available value is 97.70 USD/dmtu, for September 2026. It represents Monthly average. Check the displayed period and market before treating it as a quotation for a purchase today. This is a monthly series. Its latest value belongs to the displayed publication month; a monthly average, settlement or contract reference is not an intraday price today.
What affects Iron ore, CFR spot prices?
Steel production, mine output, ore quality and shipping costs affect iron-ore prices. Port stocks and changes in steel-mill margins can alter buying activity. Iron-content units, dry-weight conventions and delivery terms must be checked before comparing quotations.
What is Iron ore, CFR spot used for in everyday life and industry?
Steelmaking consumes iron ore to produce iron for further refining into steel. Different furnaces and processing routes require different ore specifications. Construction, machinery and transport demand influence the steel output that ultimately drives ore consumption.
Why can local Iron ore, CFR spot prices differ from this chart?
Local offers may include delivery, processing, taxes and commercial margins. Differences in quality, product form, market and contract timing can also change the price. Compare the same specification and unit before drawing conclusions.
Where can I compare historical Iron ore, CFR spot prices?
Use the price chart and dated history table on this page, or download the CSV. Choose a period and keep the market, product and units consistent. Missing publication dates are not filled with invented observations.