commodity

Iron ore

The raw material for steel, mined in larger tonnages than any other metal ore. Australia and Brazil supply most of the seaborne trade.

Figures checked 1 November 2026Next check Feb 2027, after USGS Mineral Commodity Summaries 2027

Key figures

Each figure shows where it comes from and which year it describes.

~2.6 Gt

of usable iron ore was mined in 2025.

38%

of usable ore came from Australia, about 980 Mt.

16%

came from Brazil, about 420 Mt.

$99/t

average price of 62% Fe fines delivered to Tianjin, January to September 2025.

Interactive · 6 stages

Six stages from iron ore to steel products, with iron content and the record that moves at each handover.

What changed on this page, and when.

Feb 2027
Scheduled
Check production figures against USGS Mineral Commodity Summaries 2027.
1 Nov 2026
Published
Page published with the supply chain explainer and key figures from USGS Mineral Commodity Summaries 2026.

Guide · PDF by emailPilot to scale-up
Why traceability rollouts stall after the pilot, the data blueprint, the first 90 days and a go-live checklist.
One-pager · ImageTraceability rollout in one page
Sixteen steps from naming the scale-up budget holder to showing momentum in the first 90 days, on a single page.

Planning a traceability rollout, or one that has stalled after the pilot? Book a 30-minute call.