Reduction in price The price of iron ore has reached its lowest level in the last two years because the supply is sufficient while the demand is not so high. The price of each ton of its stone with a grade of 62% is in the range of 90 dollars. The chart above shows the price changes over the last three years. China is the largest producer of steel and consumer of iron ore in the world. The growth in oil prices raised concerns about the general state of the global economy and reduced demand for steel, putting pressure on the price of iron ore.

Reduction in price The price of iron ore has reached its lowest level in the last two years because the supply is sufficient while the demand is not so high. The price of each ton of its stone with a grade of 62% is in the range of 90 dollars. The chart above shows the price changes over the last three years. China is the largest producer of steel and consumer of iron ore in the world. The growth in oil prices raised concerns about the general state of the global economy and reduced demand for steel, putting pressure on the price of iron ore.