Market Wire

Iron Ore Tumbles to $104 a tonne

Iron Ore tumbles 7.0% in June 2026 to $104 a tonne and up 7.9% from a year earlier. Ore feeds the steel PPI with a lag, so this is the upstream read on next quarter's mill offers.

June 2026: $104 a tonne
on the month: -7.0%
on the year: +7.9%

Ore feeds the steel PPI with a lag, so this is the upstream read on next quarter's mill offers.

The print sits 49% of the way up the archived range of $96 a tonne (June 2025) to $112 a tonne (May 2026), with the standing trend rising.

The year-over-year comparison is against June 2025, which printed $96 a tonne. Source: IMF global price via FRED. The number above is the agency's published value, unrounded; the history and any later revisions stay queryable on the live data page.

Published 2026-08-13.