How Much Does Iron Cost In South Africa 2024-2025
Iron is a chemical element with symbol Fe and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table.
How Much Does Iron Cost In South Africa
Iron Ore Monthly Price – Rand per Dry Metric Ton
| MONTH | PRICE | CHANGE |
|---|---|---|
| Nov 2019 | 12.58 | -4.72% |
| Dec 2019 | 13.41 | 6.61% |
| Jan 2020 | 13.79 | 2.85% |
| Feb 2020 | 13.13 | -4.80% |
What is price of 1kg iron?
The price of Iron per kg in India as of November 2019 is 60.7 rupees per kg. Though the international cost is around 93 rupees per kg.
Is iron prices going down?
Iron ore prices have come down by over 60% in the international markets, while state-owned NMDC had recently cut iron ore prices by between Rs 200 and Rs 870 a tonne for December deliveries, data from steel research and analysis firm SteelMint showed. But the prices still remain much higher than, say, a year ago.
How much iron ore does South Africa export?
In 2020, South Africa’s production of iron ore amounted to an estimated 71 million metric tons. South Africa is one of the world’s largest producers of iron ore.
Iron ore mine production in South Africa from 2010 to 2020 (in million metric tons)*
| CHARACTERISTIC | PRODUCTION IN MILLION METRIC TONS |
|---|---|
| – | – |
Who buys iron ore in South Africa?
The Mining of Iron Ore in South Africa
China remains the largest importer of South African iron ore, importing 73% of all local iron ore exports in 2014, valued at US$4.91bn.
Which country does South Africa export iron to?
China
South Africa Exports of iron and steel to China was US$962.56 Million during 2020, according to the United Nations COMTRADE database on international trade. South Africa Exports of iron and steel to China – data, historical chart and statistics – was last updated on January of 2022.