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Iron Ore Price History — Recent 10-Day Window
All prices in ₹ per gram · daily rate, updated once per day
Iron Ore Price History — The Short Version
Today's iron ore rate stands at ₹0.01 per gram, as of September 17, 2026, but any single reading is a snapshot of a market with a longer story behind it. Iron ore's price history isn't a straight line — it moves in cycles tied closely to how fast Chinese steel mills are running and how much ore Australia and Brazil are managing to ship in a given period.
This page is a trend discussion, not a data table. For exact figures on a specific year, the dedicated year-by-year history pages linked below carry that detail — this page exists to explain the pattern behind the numbers rather than repeat them.
- Today's rate: ₹0.01/g (₹8.53/kg)
- For exact 2025 figures: see the linked year-by-year page below
- For exact 2024 figures: see the linked year-by-year page below
Iron Ore Price History — Converted by Weight
Today's Iron Ore rate is Less than One Rupees per gram. At this rate, 10 grams of Iron Ore costs Less than One Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹0.01 | Less than One Rupees |
| 8 Grams | 8.0000 g | ₹0.07 | Less than One Rupees |
| 10 Grams | 10.0000 g | ₹0.09 | Less than One Rupees |
| 100 Grams | 100.0000 g | ₹0.85 | One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹8.53 | Nine Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹0.24 | Less than One Rupees |
| 1 Troy Ounce | 31.1035 g | ₹0.27 | Less than One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹8,533.00 | Eight Thousand Five Hundred and Thirty Three Rupees |
What Has Actually Shaped the Trend
China sits at the center of iron ore's price history more than any other single factor, simply because it produces roughly half the world's steel. When Chinese construction and manufacturing activity has run hot, ore demand has followed; when that activity has cooled, the benchmark has tended to soften alongside it. That relationship has held for long enough that traders treat iron ore as a genuine bellwether for the health of Chinese industrial demand — not unlike how copper gets watched for the same reason.
The supply side moves more slowly, but it moves
Australia and Brazil, the world's two largest iron ore exporters, don't change their shipping volumes overnight. New mine capacity takes years to bring online, and disruptions — weather, logistics, operational issues at a major mine — tend to be temporary rather than structural. That's part of why iron ore's price history shows longer, more gradual cycles compared to a metal where supply can shift quickly.
Iron Ore Price History — Last 10 Days
The most recent Iron Ore price on record (2026-09-17) is Less than One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹0.01 | +0.00 |
| 2026-09-16 | ₹0.01 | 0.00 |
| 2026-09-15 | ₹0.01 | 0.00 |
| 2026-09-14 | ₹0.01 | +0.00 |
| 2026-09-13 | ₹0.01 | +0.00 |
| 2026-09-12 | ₹0.01 | 0.00 |
| 2026-09-11 | ₹0.01 | 0.00 |
| 2026-09-10 | ₹0.01 | 0.00 |
| 2026-09-09 | ₹0.01 | +0.00 |
| 2026-09-08 | ₹0.01 | — |
Where the Story Might Go Next
Two threads are worth watching in iron ore's ongoing history. One is the continuing evolution of Chinese steel demand as its economy shifts away from the property-construction-heavy growth model of prior decades — a genuine structural question, not a one-year story. The other is the emerging shift toward lower-carbon steelmaking, including direct-reduced iron using hydrogen instead of coal, which is a real industry effort still in its early stages rather than a mainstream practice today. Either could shape how this market's history reads in years to come, though neither outcome is settled yet.
For the numbers behind all of this — actual daily and monthly figures rather than trend narrative — the year-by-year history pages are the right place to look next.
Iron Ore Price History — FAQs
The year-by-year iron ore price history pages on MetalsCost — covering 2024 and 2025 — carry the detailed daily figures for each year. This page focuses on the trend and the reasons behind it rather than restating that data.
Chinese steel demand has been the dominant long-run driver, given China's outsized share of world steel production. Export volumes from Australia and Brazil, the two largest exporting countries, and broader global construction and infrastructure cycles have shaped the rest of the story.
No. Iron ore is the raw-material input; steel is the manufactured product made from it. Their price histories are related — steel demand is what pulls on iron ore demand in the first place — but the two are never priced identically, since steel carries smelting, energy, and fabrication costs the raw ore doesn't.
The comparison and 10-day history sections above show today's ₹0.01 per gram against the most recent short-term reference points. For a fuller multi-year picture, the year-by-year history pages linked below are the better source.
India imports a meaningful share of the steel raw materials its industry uses, and the domestic steel sector is a large part of the economy. Understanding how the international benchmark has moved over time gives useful context for anyone in procurement, mining-stock investing, or the construction sector.
