Track the latest insights on iron ore price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
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During the second quarter of 2025, the iron ore prices in Singapore reached 102.91 USD/MT in June. As per the iron ore price chart, prices in Singapore edged higher, lifted by steady demand from regional steel producers and a seasonal uptick in construction activity. Persistent supply worries from key exporting countries added pressure, as weather disruptions and shipping constraints tightened availability.
During the second quarter of 2025, iron ore prices in China reached 96.24 USD/MT in June. The availability of domestic iron ore in China impacted prices. In May 2025, China's iron ore imports fell, with steel manufacturers opting for domestic sourcing due to more competitive pricing, which impacted the overall pricing trends. Freight costs changed slightly toward late June, but market sentiment remained cautious amid global economic uncertainty, keeping prices in a stable but watchful range.
During the second quarter of 2025, the iron ore prices in the UK reached 104.7 USD/MT in June. Shifting trade patterns, geopolitical tensions, and environmental regulations played a role, influencing production and consumption trends and prices. Traders also kept an eye on policy changes in major exporting countries, which added mild uncertainty.
During the second quarter of 2025, the iron ore prices in Canada reached 98.67 USD/MT in June. Fluctuations in the US dollar and local currencies impacted the cost of production for iron ore, adding a layer of complexity to pricing. Besides, speculative buying, particularly for high-grade concentrates, led to price changes in certain segments of the market.
During the second quarter of 2025, the iron ore prices in France reached 99.56 USD/MT in June. Existing and potential trade tariffs and other geopolitical uncertainties created instability in the market, impacting price fluctuations. Besides, the growing demand for high-grade iron ore and direct reduction pellets also influenced prices.
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the iron ore prices.
The report offers a holistic view of the global iron ore pricing trends in the form of iron ore price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of iron ore, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed iron ore demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Q2 2025:
As per the iron ore price index, prices in Europe moved within a narrow range during the second quarter of 2025. Higher freight charges and elevated energy costs, especially for electricity and fuel, pushed production expenses up for European steelmakers. Sluggish construction activity and modest automotive demand kept buying interest subdued. Some support came from restocking by mills ahead of summer maintenance shutdowns, but not enough to drive significant price spikes. Overall, sentiment held steady with market players cautious about weaker downstream demand and potential policy changes on emissions targets.
This analysis can be extended to include detailed iron ore price information for a comprehensive list of countries.
Region | Countries Covered |
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Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
Q2 2025:
The reinstatement of US steel import tariffs and broader trade tensions created uncertainty and impacted the flow of iron ore, affecting prices. Besides, environmental regulations on mining operations raised production expenses slightly. Softening Chinese demand capped any major rally, but North American buyers kept inventories balanced, preventing sharp dips. Market sentiment stayed firm but watchful of global trade tensions and logistics costs, which continued to shape price movements through the quarter.
Specific iron ore prices and historical data within the United States and Canada can also be provided.
Region | Countries Covered |
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North America | United States and Canada |
Q2 2025:
The report explores the iron ore trends and iron ore price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on iron ore prices for countries can also be provided.
Region | Countries Covered |
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Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Q2 2025:
China's steel production cuts, motivated by factors like overcapacity reduction and environmental concerns, significantly impacted iron ore demand. This decrease in demand from China, a major consumer, exerted pressure on prices. Besides, weak construction activity and cautious sentiment in downstream sectors weighed on buying appetite. Freight rates on key routes moved within a narrow band, offering little cost relief. Overall, iron ore market participants adopted a wait-and-see approach, holding prices within a restrained range under muted demand conditions.
This iron ore price analysis can be expanded to include a comprehensive list of countries within the region.
Region | Countries Covered |
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Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Q2 2025:
Latin America's iron ore market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in iron ore prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the iron ore price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing iron ore pricing trends in this region.
This comprehensive review can be extended to include specific countries within the region.
Region | Countries Covered |
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Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
IMARC's latest publication, “Iron Ore Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the iron ore market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of iron ore at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed iron ore price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting iron ore pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
The global iron ore market size reached USD 318.4 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 411.47 Billion, at a projected CAGR of 2.89% during 2025-2033.
The report covers the latest developments, updates, and trends impacting the global iron ore industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in iron ore production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the iron ore price trend.
Latest developments in the Iron Ore industry:
Iron ore is a naturally occurring mineral primarily composed of iron oxides, which serve as the main raw material for steel production. Found in sedimentary rocks, iron ore is extracted through mining and then processed to separate the iron content from impurities. The most commonly mined forms include hematite (Fe₂O₃) and magnetite (Fe₃O₄), both of which contain high concentrations of iron. Once mined, the ore undergoes crushing, grinding, and beneficiation to enhance its iron content before being transported to steel mills.
Iron ore is essential for the global steel industry, which consumes the majority of iron ore produced worldwide. Steel is used in a wide array of sectors, including construction, automotive, manufacturing, energy, and infrastructure. The quality of iron ore significantly impacts steel production efficiency and environmental footprint, with high-grade ores being preferred for their lower energy requirements and reduced emissions.
Key Attributes | Details |
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Product Name | Iron Ore |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Iron Ore Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
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Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
IMARC offers trustworthy, data-centric insights into commodity pricing and evolving market trends, enabling businesses to make well-informed decisions in areas such as procurement, strategic planning, and investments. With in-depth knowledge spanning more than 1000 commodities and a vast global presence in over 150 countries, we provide tailored, actionable intelligence designed to meet the specific needs of diverse industries and markets.
1000
+Commodities
150
+Countries Covered
3000
+Clients
20
+Industry
IMARC delivers precise commodity pricing insights using proven methodologies and a wealth of data to support strategic decision-making.
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