Iron ore on the Iran Mercantile Exchange
Physical Iron ore trades on the Iran Mercantile Exchange: 4 distinct goods and 12 sellers across 6 years of archive. Prices are session settlements in Toman per kilogram, ex-works at the mill warehouse, before VAT and freight.
Latest official session
Session of 11/3/26. Every figure on this page is read from that official record.
Volume-weighted settlement
14,106Toman / kg
▼ 35.5% versus the session of 11/2/26
Tonnage traded
25,000t
1 × goods · 1 × mill
Demand to supply
1.00×
Share of supply sold: 100.0%
Over base price
0.0%
Value traded: 353 bn Toman
Price trend
Monthly volume-weighted settlement of “Iron-ore pellet” — this group’s benchmark good, not an average across different products.
22,246Toman / kg
▲ 39.1% vs previous month
▲ 205.3% vs the same month last year
- Low
- 2,686
- High
- 22,246
- Open
- 3,520
- Last
- 22,246
Goods in this group
4 goods traded in the past year, by tonnage. Each price is that good’s settlement in the last session it traded in, with the date beside it.
Monthly trend for Iron ore
Close chart- Low
- 287
- High
- 3,514
- Open
- 1,200
- Last
- 2,463
no trade for over 21 days
| Iron-ore pellet | 11/2/26 | 21,864 | ▼ 3.9% | 12,653,750 | 1 |
| Iron-ore concentrate | 11/3/26 | 14,106 | ▲ 0.4% | 10,216,400 | 1 |
| Iron ore | 10/18/26 | 2,760 | ▲ 4.3% | 4,315,000 | 1 |
| Iron ore | 11/1/26 | 9,002 | ▲ 241.2% | 1,731,600 | 1 |
Supply and demand
Registered demand divided by supply, month by month. Above 1 means buyers competed for more than was offered. Each offer counts once, even when it settled at several prices.
0.53× this month against a 0.69× average over the previous 6 months — less competition than usual.
| Month | Supply (t) | Demand (t) | Demand to supply | Share of supply sold |
|---|---|---|---|---|
| Oct 2026 | 2,333,700 | 1,239,200 | 0.53 | 44.4% |
| Sept 2026 | 5,936,600 | 4,042,600 | 0.68 | 50.9% |
| Aug 2026 | 6,457,800 | 4,513,400 | 0.70 | 51.8% |
| Jul 2026 | 6,410,700 | 5,192,700 | 0.81 | 59.7% |
| Jun 2026 | 2,349,500 | 1,110,000 | 0.47 | 34.4% |
| May 2026 | 4,897,600 | 3,987,500 | 0.81 | 58.1% |
| Apr 2026 | 4,726,400 | 3,174,100 | 0.67 | 49.4% |
| Mar 2026 | 4,346,400 | 2,463,500 | 0.57 | 39.4% |
| Feb 2026 | 4,174,000 | 2,719,000 | 0.65 | 40.9% |
| Jan 2026 | 4,178,300 | 4,261,000 | 1.02 | 60.6% |
| Dec 2025 | 3,540,100 | 2,967,000 | 0.84 | 43.1% |
| Nov 2025 | 4,224,400 | 3,923,000 | 0.93 | 53.3% |
Seasonal pattern
Average month-on-month change in “Iron-ore pellet” across complete archive years. Measuring change month to month leaves annual inflation out of the figure by construction, so what remains is the month’s own behaviour.
- Farvardin7.2%4 years
- Ordibehesht0.3%4 years
- Khordad2.2%4 years
- Tir4.0%4 years
- Mordad3.2%4 years
- Shahrivar1.9%4 years
- Mehr2.5%4 years
- Aban1.2%4 years
- Azar0.9%4 years
- Dey12.5%4 years
- Bahman5.4%4 years
- Esfand6.6%4 years
Largest sellers
By tonnage actually traded over the past 12 months. Each mill’s price is its own latest session, not a multi-year average.
| Mill | Tonnage, 1 year | Share | Last session traded | Settlement |
|---|---|---|---|---|
| Company Mdni Vsnti Chadrmlv | 6,389,000 | 22.1% | 11/1/26 | 14,929 |
| Mdni V Snti Gl Ghr | 4,609,000 | 15.9% | 11/1/26 | 22,626 |
| Mdni V Snti Ghr Zmin (sng Iron Ghr Zmin) | 4,312,000 | 14.9% | 11/1/26 | 22,985 |
| Iran | 3,572,100 | 12.4% | 10/18/26 | 2,446 |
| Tvsh Mdni V Snti Sbanvr | 2,001,000 | 6.9% | 11/1/26 | 15,461 |
| Tmas | 1,045,000 | 3.6% | 8/23/26 | 4,496 |
| Pars | 964,000 | 3.3% | 11/1/26 | 21,864 |
| Sepahan Pipe and Profile | 880,000 | 3.0% | 11/1/26 | 14,177 |
| Industries Mdni Steel Sngan Khrasan | 844,000 | 2.9% | 11/1/26 | 21,864 |
| Snti V Mdni Tvsh Fragir Snabad (snti V Mdni Tvsh Mli) | 689,000 | 2.4% | 11/1/26 | 21,339 |
| Steel Shrq Kavh | 546,000 | 1.9% | 11/3/26 | 14,106 |
| Sirjan (market label) | 407,500 | 1.4% | 9/13/26 | 6,300 |
How to read this page
The exchange publishes Rial per kilogram; only the currency is converted here, to Toman per kilogram. VAT, fees and freight are not added.
These are session trades, not a live tick. Each good trades in its own session, so “previous session” means that good’s own previous session, not yesterday.
Every average is weighted by tonnage: a 5,000-tonne lot and a 25-tonne lot do not move the figure equally.
The seasonal pattern and the demand-to-supply ratio describe past behaviour. Neither is a price forecast.
Official data source: Iran Mercantile Exchange
Latest session available: 11/3/26
Last successful fetch: 11/3/26