The price of iron ore has experienced notable fluctuations over the past 12 months due to various factors such as global demand, supply chain issues, and geopolitical events. Here's a general overview:
Early 2023: Iron ore prices were relatively stable, with prices hovering around USD 100-130 per metric ton. Demand was consistent, and supply was stable.
Mid-2023: Prices saw some volatility, influenced by fluctuations in demand from major consumers like China and supply disruptions from key producers. By mid-year, prices often ranged between USD 110-150 per metric ton.
Late 2023 to Early 2024: Iron ore prices experienced a significant drop due to weakening demand from China, which is a major consumer of iron ore. Prices fell below USD 100 per metric ton, reflecting concerns about a slowdown in economic activity and lower steel production.
Recent Trends: As of mid-2024, iron ore prices have shown some recovery, fluctuating around USD 100-120 per metric ton. The recovery is attributed to various factors, including changes in global economic conditions, adjustments in production levels, and shifts in market sentiment.
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Last
$39.87 |
Change
-0.030(0.08%) |
Mkt cap ! $202.3B | |||
| Open | High | Low | Value | Volume |
| $39.98 | $40.03 | $39.68 | $215.2M | 5.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1256 | $39.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.87 | 1225 | 5 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| BHP (ASX) Chart |