Iron Ore Price
Global Iron Ore Price — Historical Chart
$104/ton
▲ 7.93% YoYJun 2026
All-Time High
$216/ton
All-Time Low
$11/ton
Data Since
1992
Source: FRED / IMFShaded = NBER recessions
Iron ore price in USD per metric ton (IMF). Iron ore is the single best proxy for Chinese economic activity — China consumes 70% of globally traded iron ore to feed its steel mills. Price swings between $40 and $220/ton since 2015 track Chinese property construction cycles and stimulus packages with remarkable fidelity. The 2020-21 spike to $230 was driven by post-COVID Chinese infrastructure spending.