Iron ore prices monthly 2016-2024

In May 2024, iron ore was valued at approximately 119 U.S. dollars per dry metric ton unit (dmtu), as compared to 105 U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and productionIron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost 30 U.S. dollars, and increased to a high of 168 U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from 139.87 U.S. dollars per dry metric ton unit in March 2013 to 40.50 U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to 214.14 U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producersOverall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced 960 million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated 280 million metric tons in 2023.

于2024年5月，铁矿石的价值约为每干公吨单位119美元（dmtu），相较于前一年同月的每干公吨单位105美元有所上升。铁矿石价格及其产量铁矿石是指从其中经济上可行地提取金属铁的矿物和岩石。生铁，作为钢铁生产中使用的原材料之一，来源于铁矿石。铁矿石的价格在过去二十年里经历了极大的波动。2003年，每干公吨单位铁矿石的价格为30美元，并在2011年上升至每干公吨单位168美元的峰值。在过去十年中，价格经历了戏剧性的下跌，从2013年3月的每干公吨单位139.87美元降至2015年12月的每干公吨单位40.50美元。自那时起，价格逐渐上升至2021年7月的每干公吨单位214.14美元，但在2021年8月急剧下降。铁矿石生产商总体而言，在全球铁矿石价格下跌时，铁矿石的全球产量并未减少。实际上，在过去五年中，世界上一些最大的铁矿石生产国的产量有所增加。澳大利亚在2023年生产了9.6亿吨铁矿石。中国也是全球最大的铁矿石生产国之一，但其产量计算方式与其他国家不同。中国主要基于原生矿石而非可用矿石的生产量，估计2023年产量约为2.8亿吨。