Iron Ingot
An iron ingot is a cast block of refined iron used as a trade good in bulk commodity markets for metalworking and manufacturing.
Estimated value as of 2026 · Source: Trading Economics (iron ore spot price, proxy for ingot bulk trade value)
Fun Fact
Iron ingots typically trade at prices very close to iron ore since minimal processing separates them, with China consuming ~80% of global supply driving volatility.
Price History
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