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    CRU

    May 1, 2026

    CRU: Iron ore firms on high freight costs

    Written by Yusu Mao

    This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com.

    In April, iron ore prices remained rangebound in the $105–110 per dry metric ton (dmt) range for 62% Fe fines, following the surge in the first half of March. While news of an agreement between BHP and CMRG has eased supply concern and caused prices to edge lower, robust iron ore consumption in China and elevated freight costs continue to support iron ore prices.

    Yusu Mao

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