Global Market (GLOBAL) · USD
| Market | Price (USD/oz) | Status |
|---|---|---|
|
Global Market
viewing
GLOBAL · XX
|
$0.00336
per oz
|
Open |
Iron ore is the primary raw material used to produce iron and steel, underpinning construction, infrastructure and heavy manufacturing. Its market value is driven by grade (Fe content and form such as lump, pellet or fines), impurities (silica, alumina), production and shipping costs, inventory levels and demand from major consumers—making it a key indicator of global industrial activity.