IRON ORE PRICE — AFRICA
Reference price, ore grades, payable % and export notes for iron ore producers and traders in Africa. MetalPulse never shows a bare price — every figure carries source, units, market type and timestamp.
Reference price and source
Quoted as USD per dry tonne CFR China (62 % Fe basis), sourced from Platts IODEX 62 % Fe CFR Qingdao. Local-currency conversion uses the central bank mid-rate at calculation time. We classify each row as live, delayed, proxy or forecast.
Ore grades and concentrate basis
Typical ranges: DSO 58–65 % Fe; concentrate 65–70 %. Always specify dry metric tonne (DMT) basis when negotiating — moisture deduction is separate.
Payable % and buyer deductions
DSO priced per dmt, grade-adjusted. Common deductions: freight, SiO2/Al2O3/P penalties, moisture.
Export from Africa
Most African producers export via Walvis Bay (Namibia), Durban (South Africa), Dar es Salaam (Tanzania) or Beira (Mozambique). Pricing is USD-denominated and converted to local currency at sale.
Frequently asked questions
What is today's iron ore price?
MetalPulse tracks the Platts IODEX 62 % Fe CFR Qingdao live. The number on this page is updated continuously; the full dashboard shows the exact age and source classification.
How is iron ore ore valued?
Value = tonnes × grade fraction × recovery × payable % × reference price, then less treatment/refining charges and transport. Use the ore value calculator below.
What is the typical payable % for iron ore?
DSO priced per dmt, grade-adjusted