Pound of Iron
A pound of iron as raw material refers to bulk iron ore or scrap iron, the primary forms available for purchase by regular consumers via recycling yards or commodity markets.
Estimated value as of 2026 · Source: Converted from iron ore spot price of ~$108/ton (Trading Economics); scrap light…
Fun Fact
Iron ore prices peaked at $219.77 per ton in July 2021, over double the current level, due to post-pandemic supply chain disruptions.
Price History
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