Value-in-use iron ore costs Q3 2025
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
- The freight rate
- Lump premiums remain flat, and pellet premiums decline in Q3 2025
- Fines and impurities
- Global cash margin to remain flat in Q3 2025
- China’s costs and supply
- VIU assumptions
Tables and charts
This report includes the following images and tables:
- Q3 2025 value-in-use adjusted iron ore cost curve (CFR China, 62% Fe fines equivalent)
- Q3 2025 VIU adjusted cost by country (CFR China )
- Q3 2025 VIU adjusted cost by percentile (CFR China)
- Q3 2025 seaborne iron ore cash costs by operator (CFR China, unadjusted for quality)
- Q3 2025 seaborne iron ore cash costs by operator (CFR China, 62% Fe fines equivalent)
- Q3 2025 China value-in-use adjusted cost curve (62% Fe fines equivalent)
What's included
This report contains:
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