Iron ore prices averaged USD 106.03 per metric ton in April, up 1.5% from March. On 30 April, the commodity traded at USD 107.40 per metric ton, up 1.2% from 31 March.
Average iron ore prices climbed for a second consecutive month in April, reaching a joint 21-month high. The war in the Middle East has driven up production and shipping costs, while also stoking concerns over potential supply disruptions in Australia—the world’s largest iron ore producer—amid fuel shortages. At the same time, strong Chinese demand ahead of the May Day holidays—from 1 to 5 May—added to the rally.
This chart displays Iron Ore (US$/mt) from 2024 to 2026.
Iron Ore CFR China (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Iron Ore CFR China | - | - | - | - | - | 112.94 | 100.21 | 102.01 | 101.62 | 95.58 | 100.07 | 103.34 |