The lump iron ore price today, which is used as a mineral for charging high furnaces and converters, is determined by its mineral grade and its iron purity. magnetite lump iron ore price today is often higher than the hematite.

The lump iron ore price based on its mineral type, namely hematite or magnetite, is also determined by the percentage of iron found in iron ore. Of course, the cost of customs and transportation in the case of iron ore exports should also be estimated.