Iron Ore

Iron Ore unchanged on Thursday October 23, trading at $105.55 per metric ton with a weekly loss of 0.01% and monthly gain of 0.06%. Australian iron ore exports increased to 75 million tons in July, boosting supply. China's demand drove this increase with imports reaching 63 million tons. Brazil's record exports of 41.1 million tons in July also added to global supply despite lower revenue. China's steel production decline in September by 4.6% to 73.49 million tons reduced demand for iron ore. This continued a trend with January-September steel production down 2.9% year-on-year, further pressuring iron ore. Its 52-week high was $107.26 per metric ton, while its 52-week low was $93.41 per metric ton.

5 Days 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years
-0.01% 0.06% 7.41% 5.46% 1.87% 0.89% 13.19% -15.30% 128.96%