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16.09.2022A debt crisis faced by Chinese real estate firms, which began with problems for Evergrande, heightened concerns over demand from the country's property sector and put further pressure on iron ore prices. By November, iron ore on the CME was trading at the $99/tonne level, with the lowest price of $92 hit on 18 November 2021.
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Iron Ore Imports by Country 2021 Plus Average Prices
In 2021, the world's overall average unit price paid for imported iron ore was US$163.40 per ton. That average price per ton is 138.4% higher than the average $68.5 in 2017. From 2020 to 2021, the inflation rate for globally imported iron ore accelerated to 192.5%.
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