Iron Ore

Iron Ore: The Raw Material Behind Global Steel Production

Iron ore is the world's most heavily traded bulk commodity, underpinning the entire steel industry — from construction and infrastructure to automotive and heavy manufacturing — with demand anchored by sustained global industrialisation and urbanisation.

Why It Matters

• Foundational Demand — steel underpins construction and infrastructure worldwide, keeping iron ore demand structurally high.
• Liquid, Transparent Market — one of the most actively traded bulk commodities globally, with well-established benchmark pricing.
• Quality Premiums — higher-Fe-content ore commands consistent premiums, rewarding well-verified, export-ready supply.

Indicative Pricing

Benchmark 62% Fe iron ore fines (CIF China) have typically traded in a broad range of roughly $90–$140 per tonne in recent years, moving with Chinese steel demand and global supply conditions. Explonat provides current pricing against your required grade and delivery terms.

Sourced Through Explonat

We source and trade iron ore in bulk, connecting Zimbabwean producers with steelmakers and international buyers through a quality-verified, export-ready, fully documented supply chain.