Iron Ore Profile
· ₹8.14/kg today · Live chart →
The world's most-mined metal by tonnage — and, on this site, the one most often mistaken for the price of finished steel rather than the raw ore that becomes it.
SGXWhere Iron Ore Is Produced & Consumed
Among this site's tracked countries:
Notable producers
Major consumers
Australia and Brazil Dig It, China Buys It
Australia and Brazil — home to mining giants like BHP, Rio Tinto, Fortescue and Vale — supply the large majority of the world's seaborne iron ore, and Chinese steel mills buy the overwhelming majority of it. The price tracked here is, in effect, a live bet on Chinese steel output and construction activity.
Ore, Not Steel
The price on this page tracks raw iron ore — specifically the international 62% Fe fines benchmark — not finished or rolled steel. Iron ore gets smelted into pig iron and then processed into steel products like rebar and structural sections, each step adding its own smelting, rolling and market costs on top.
Did You Know?
Iron ore can't have one uniform spot price the way gold or copper do, because ore quality varies hugely by iron content and impurities — pricing evolved around standardised grade benchmarks (commonly 62% Fe fines) rather than a single grade.
Frequently Asked Questions
The Iron Ore price in India today is ₹8.14 per kilogram as of August 4, 2026. See the live price and chart for the full 10-day trend.
Iron ore is bought almost entirely by steel mills — China's above all others — which smelt it into pig iron and then process it into construction rebar, automotive sheet steel, shipbuilding plate and structural steel.
Among the countries tracked on this site, Australia, Brazil are notable producers, while China, India, Japan, South Korea are among the largest consumers.
Iron Ore is tracked on SGX — see each exchange's market profile for how it actually works.
