Iron ore price today
The live iron ore price per metric tonne, converted to major currencies, with price history and a calculator.
Iron ore price per unit
| Unit | USD | EUR | GBP | CHF |
|---|---|---|---|---|
| 1 kilogram | 0.0907 | 0.0812 | 0.0677 | 0.0747 |
| 1 pound | 0.0411 | 0.0368 | 0.0307 | 0.0339 |
| 1 metric tonne | 90.71 | 81.19 | 67.70 | 74.67 |
Iron ore price in USD per t
History available since October 20, 2016.
Iron ore value calculator
Iron ore price over the last 10 days
| Date | Price (USD/t) | 24h |
|---|---|---|
| Oct 30, 2026 | 90.71 | 0.00% |
| Oct 29, 2026 | 90.71 | +0.01% |
| Oct 28, 2026 | 90.70 | 0.00% |
| Oct 27, 2026 | 90.70 | -0.09% |
| Oct 26, 2026 | 90.78 | -0.06% |
| Oct 25, 2026 | 90.83 | 0.00% |
| Oct 24, 2026 | 90.83 | 0.00% |
| Oct 23, 2026 | 90.83 | +0.11% |
| Oct 22, 2026 | 90.73 | -0.13% |
| Oct 21, 2026 | 90.85 | -0.01% |
Frequently asked questions
How high is the iron ore price today?
Right now one metric tonne of iron ore costs 90.71 USD. That works out to 0.0907 USD per kilogram. The price was last updated on October 30, 2026 6:30 PM and it refreshes several times an hour.
Can I invest in iron ore?
Private investors seldom hold physical iron ore. More common are exchange-traded commodities (ETCs), futures and shares of mining companies. These products carry risks and costs, such as tracking differences and currency risk. This is general information, not investment advice.
How far has the iron ore price moved in the last 12 months?
Measured in USD, the iron ore price changed by -14.21% over the past year. Keep in mind that iron ore is traded in US dollars, so exchange rate moves also affect the price in other currencies.
In which unit is iron ore quoted?
Iron ore is quoted per metric tonne (1,000 kg). Right now that is 90.71 USD per tonne, or 0.0907 USD per kilogram.
What moves the iron ore price?
Industrial metal prices move with the economy: construction, manufacturing, electric vehicles and power grids create demand. China consumes about half of the world supply of many metals, so news from China has a big impact. On the supply side, mine output, energy costs, export rules and inventories matter.
What was the peak of the iron ore price over the past five years?
In the past five years the iron ore price reached a high of 161.84 USD on April 4, 2022. Its low was 80.03 USD on November 1, 2022, based on daily prices.
Precious metals: spot prices from currency-rates.github.io. Other commodities: price of the nearest futures contract via Yahoo Finance, which can be delayed. For information only, not investment advice.