Insight
Value-in-use iron ore costs Q4 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The average global value-in-use (VIU) iron ore cost for Q4 2024 is US$59.9/t (62% Fe fines basis, CFR China). This is up 2.1% compared to the last quarter and 6.5% compared to the previous year. Despite a slight decline in energy prices in Q4 2024, cost pressures from rising wages and general inflation remain. We updated Australian and Brazilian iron ore costs in Q4.
Table of contents
- Executive Summary
- Lump and pellet premiums rose from the end of Q3 2024 due to the recovery in iron ore prices and steel mill profitability
- Fines and impurities
- Cash margins of Australia and Brazil dropped in Q4 2024
- China’s costs and supply
- VIU assumptions
Tables and charts
This report includes the following images and tables:
- Q4 2024 value-in-use adjusted iron ore cost curve (CFR China, 62% Fe fines equivalent)
- Q4 2024 VIU adjusted cost by country (CFR China)
- Q4 2024 VIU adjusted cost by percentile (CFR China)
- Q4 2024 seaborne iron ore cash costs by operator (CFR China, unadjusted for quality)
- Q4 2024 seaborne iron ore cash costs by operator (CFR China, 62% Fe fines equivalent)
- Q4 2024 China value-in-use adjusted cost curve (62% Fe fines equivalent)
What's included
This report contains:
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