Iron Ore Prices: A Simple Look at How They Move and Why They Matter

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2026-02-20 10:12:11

Iron ore prices refer to the market cost of iron ore, usually quoted per tonne in global and regional markets. Iron ore is the most important raw material used to produce steel, and because steel is essential in construction, infrastructure, transportation, appliances, and manufacturing, iron ore prices often follow real economic activity and industrial demand rather than speculation or...

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