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Bulk Iron Ore: buy and sell
Bulk Iron Ore suppliers and buyers post sell offers and buy requests on Comdity and agree the deal directly with each other on FOB, CFR or CIF terms.
About Iron Ore
Iron ore is the main raw material of steelmaking. It is traded in large bulk cargoes by the dry metric ton; iron (Fe) content, impurities and size decide the price, and most sales are FOB or CFR.
Iron Ore offers and requests: FOB, CFR and CIF terms available
How trading Iron Ore works on Comdity
A company posts a sell offer or a buy request with the quantity, the delivery period and the ports. Other companies send an offer or a counteroffer on FOB, CFR or CIF terms. When both sides want to go on, they start a negotiation, receive each other's contact details and finalise the contract directly. Comdity is a marketplace: it is not a party to the contract.
- FOB (Free On Board): the seller delivers the goods on board at the loading port; the buyer arranges and pays the sea freight.
- CFR (Cost and Freight): the seller pays the sea freight to the discharge port; the buyer carries the risk and the insurance from loading.
- CIF (Cost, Insurance and Freight): as CFR, and the seller also insures the cargo to the discharge port.
Iron Ore is normally shipped by bulk carrier. When the terms are agreed, you can explore suitable vessels on Shipfixing.
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