Iron Ore 62% Fe today

The price of Iron Ore 62% Fe today, September 8, 2026, is trading at 99.57 USD/dmtu, equivalent to approximately 2,596,357 VND/dmtu. Compared to the previous session, this commodity recorded a slight increase of 0.15%, indicating a stable short-term trend in the global and Vietnamese metal raw material markets. This is the highest price level within the 30-day fluctuation range, reflecting a positive recovery in demand for input materials in the steel industry.

Further analysis of market data shows that the average price of Iron Ore 62% Fe in the current month reached 99.29 USD/dmtu (about 2,589,056 VND/dmtu), a significant growth compared to last month's average of 95.26 USD/dmtu. A positive difference of approximately 0.15 USD (equivalent to +3,911 VND) compared to the latest session reinforces the steady growth momentum, providing manufacturing and import-export enterprises in Vietnam with important data to adjust business plans and cost risk management.

Over the last 30 days, iron ore prices have fluctuated between 94.55 USD and 99.57 USD/dmtu. Maintaining a sideways price level at 99.57 USD for the past 5 consecutive trading sessions (from September 4 to September 8, 2026) indicates that the market is establishing a solid support zone, helping to minimize the risk of sudden fluctuations for investors and metal commodity businesses in the domestic market.

The price of Iron Ore 62% Fe is influenced by the complex interaction between supply and demand factors in the global market, along with macroeconomic and geopolitical factors. This is one of the most important raw materials for the steel industry; therefore, any fluctuations in the steel industry are directly reflected in iron ore prices.

On the demand side, the most dominant factor is demand from the steel industry, particularly in China – a country that accounts for over 50% of global steel production. Economic growth, infrastructure investment, urban construction, and the manufacturing sector (automotive, machinery) in China and other major economies directly determine iron ore consumption levels. Policies to cut steel production for environmental goals in China can also exert significant downward pressure on prices.

On the supply side, iron ore prices are affected by output from major miners such as Australia and Brazil. Factors such as production disruptions due to extreme weather (cyclones, heavy rain), mine operational incidents, labor strikes, or changes in mining and transportation costs (e.g., ocean freight rates) can all shift global supply. Iron ore inventory levels at major ports, especially Chinese ports, are also a key indicator of the supply-demand balance.

Additionally, other factors including macroeconomic policies (monetary policy, USD exchange rates), geopolitical situations (trade conflicts, international tensions affecting supply chains), and speculative activities in financial markets also contribute to iron ore price volatility. Fluctuations in the prices of other inputs such as coking coal indirectly affect steel mill margins and, consequently, iron ore demand.

Prices for 62% Fe iron ore have recently experienced a period of significant volatility, primarily due to concerns over steel demand prospects in China – the largest consuming market – particularly from the struggling real estate sector. Pressure to control steel output and environmental policies in China have also contributed to a cautious sentiment in the market. However, signals of efforts to stabilize the economy and potential stimulus packages from Beijing have provided some supportive momentum.

In the short term, iron ore prices are likely to continue fluctuating within a certain range. Support may come from steel mills replenishing inventories ahead of the peak production season or more positive signals regarding China's economic support policies. Conversely, risks remain from the real estate situation not being fully stabilized and pressure to control steel production to meet carbon emission reduction targets.

In the medium term, the outlook for iron ore prices depends heavily on the effectiveness of economic stimulus measures in China, especially in infrastructure investment and construction. If these policies prove effective, steel demand will recover strongly, driving up iron ore prices. Additionally, global supply from major producers like Brazil and Australia, along with shipping costs, will be critical factors to monitor closely. China's macroeconomic indicators (manufacturing PMI, real estate investment), inventory levels at ports and steel mills, as well as policies related to steel production and the environment, will be key to assessing price trends in the coming period.