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 concentrate
Close chart- Low
- 2,206
- High
- 13,969
- Open
- 2,387
- Last
- 13,969
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