What is Iron ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite, hematite, goethite, limonite or siderite
Iron ore Prices In South Africa
Iron Ore Monthly Price – Rand per Dry Metric Ton
| Month | Price | Change |
|---|---|---|
| Nov 2019 | 12.58 | -4.72% |
| Dec 2019 | 13.41 | 6.61% |
| Jan 2020 | 13.79 | 2.85% |
| Feb 2020 | 13.13 | -4.80% |
What is iron ore price today?
Basic Info. Iron Ore Spot Price (Any Origin) is at a current level of 108.57, down from 130.74 last month and down from 214.14 one year ago. This is a change of -16.96% from last month and -49.30% from one year ago.
How much is iron ore in South Africa?
3B. Between April 2021 and April 2022 the exports of South Africa’s Iron Ore have decreased by ZAR-4.35B (-34.4%) from ZAR12. 7B to ZAR8. 3B, while imports decreased by ZAR-81.1k (-66.9%) from ZAR121k to ZAR40.
Will iron price go down
Despite the recent pullback, research corroborates that iron ore prices might remain buoyant for the remainder of 2022
What is the price of 1 kg iron?
32 MM Iron TMT Bar
Price Range : Rs 51-55/Kilogram.