Trade / Value chains / Iron ore → steel
Value chain · Iron ore → steel · chain momentum

−7.3%

Latest readings: ore shipments from the big exporters down 5.8%; China's dry-bulk imports down 8.9%. Ore price $100/t (−5.6% y/y, 2026-09).

Mine−5.8%
Ship−8.9%
Processn/a
Exportn/a

The chain, stage by stage

Chain momentum: simple average of the stage readings (13 weeks y/y for weekly port data, 3 months y/y for monthly releases). Readings older than 4 months are shown but not scored. Price is context, not scored. Each stage shows its own date.

Where the ore goes

Stage momentum, last 2 years

When ore shipments run ahead of steel output, stockpiles are building at Chinese ports and mills.

Who mines it

CountryMtShareExports MtShips 13 wk

Who turns it into steel

CountryMtShareLatest y/y

Who imports the ore

Where China's steel goes

Routes and chokepoints

Main sea lanes of the chain, annual tonnes, and the live status of each passage.

RouteMt / yearPassages

Price

Sources

Mine output: USGS Mineral Commodity Summaries 2026. Steel output: World Steel Association, 2025 country ranking. Ore and steel trade tonnes: UN Comtrade. Ship movements: IMF PortWatch. Monthly Chinese output and exports: official releases. Price: IMF via FRED.

How to read it

The annual tables are the map: who mines, ships and processes. The weekly and monthly readings show how much is flowing along it now. Annual figures are 1–2 years old; each reading carries its own date.

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Global Trade Nowcast · Methodology