Iron ore price, page-2732

Iron Ore
http://www.marketindex.com.au/iron-ore
$65.74 (US/t)
At the Close: 18 July 2017
Iron Ore isn't traded like most commodities. Please read the FAQs below.

Market Index tracks the industry standard NYMEX traded 62% Fe, CFR China in $US/metric tonne.

About the Price
Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.).
Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
Growth in China (the world’s largest consumer of metals) has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for China’s economic health.
Download the 37yr price history.

	Iron Ore (62% CFR China)	Price	Change
1	June 2017	$57.86	-6.11%
2	May 2017	$61.63	-12.46%
3	April 2017	$70.40	-19.26%
4	March 2017	$87.20	-1.81%
5	February 2017	$88.80	+9.88%
6	January 2017	$80.82	+1.75%
7	Monthly Average in $US/metric tonne