# Obtained By Direct Reduction Of Iron trade prices and signals...

The featured reported corridor is Trinidad and Tobago to USA, with a unit value of $450.2 per metric ton.

## Latest corridor price evidence

| Year | Route | USD per ton | Market median | Difference | Quantity |
| --- | --- | --- | --- | --- | --- |
| 2023 | Trinidad and Tobago to USA | $450.2 | $454.05 | -0.8% | 1,316,094 t |
| 2023 | India to Nepal | $365.84 | $13,250 | -97.2% | 843,688 t |
| 2023 | Russia to Italy | $387.01 | $1,806.5 | -78.6% | 705,865 t |
| 2023 | Russia to India | $434.2 | $387.49 | +12.1% | 409,024 t |
| 2023 | India to Bangladesh | $403.3 | $403.3 | 0% | 383,219 t |
| 2023 | Malaysia to Republic of Korea | $436.43 | $463 | -5.7% | 286,963.4 t |
| 2023 | USA to Turkey | $411.78 | $387.92 | +6.2% | 258,086.1 t |
| 2023 | Russia to Uzbekistan | $340.99 | $340.99 | 0% | 289,760.7 t |
| 2023 | USA to Austria | $432.89 | $974.12 | -55.6% | 211,955 t |
| 2023 | Russia to Turkey | $353.08 | $387.92 | -9% | 251,747.7 t |
| 2023 | Russia to Belgium | $386.95 | $2,396.03 | -83.9% | 205,642 t |
| 2023 | Malaysia to Viet Nam | $410.68 | $625.82 | -34.4% | 173,854 t |
| 2023 | Bahrain to Kuwait | $361.13 | $639.9 | -43.6% | 194,500 t |
| 2023 | United Arab Emirates to Kuwait | $639.9 | $639.9 | 0% | 102,259 t |
| 2023 | Qatar to Kuwait | $403.24 | $639.9 | -37% | 138,500 t |
| 2023 | Belgium to France | $439.59 | $655.74 | -33% | 121,955.1 t |
| 2023 | Russia to China | $346.29 | $5,440 | -93.6% | 152,609.3 t |
| 2023 | United Arab Emirates to Oman | $379.56 | $379.56 | 0% | 138,165 t |
| 2023 | Russia to Germany | $393.01 | $405.82 | -3.2% | 119,072.7 t |
| 2023 | Iran to China | $297.65 | $5,440 | -94.5% | 143,299.6 t |
| 2023 | Russia to Spain | $373.81 | $5,467.72 | -93.2% | 105,859.5 t |
| 2023 | Qatar to India | $378.81 | $387.49 | -2.2% | 103,839 t |
| 2023 | India to Bhutan | $373.1 | $373.1 | 0% | 104,099.3 t |
| 2023 | Venezuela to Portugal | $342.44 | $1,000 | -65.8% | 110,216.6 t |
| 2023 | Libya to Germany | $180.45 | $405.82 | -55.5% | 204,075.5 t |
| 2023 | Oman to Pakistan | $379.54 | $379.54 | 0% | 88,734 t |
| 2023 | Libya to Italy | $394.06 | $1,806.5 | -78.2% | 77,435.8 t |
| 2023 | USA to Spain | $400.1 | $5,467.72 | -92.7% | 76,195.4 t |
| 2023 | Venezuela to Italy | $358.69 | $1,806.5 | -80.1% | 78,303 t |
| 2023 | Canada to Germany | $486.71 | $405.82 | +19.9% | 53,969 t |
| 2023 | China to Japan | $611.22 | $611.22 | 0% | 39,876 t |
| 2023 | Libya to Turkey | $387.92 | $387.92 | 0% | 62,540.6 t |
| 2023 | Trinidad and Tobago to Germany | $114.83 | $405.82 | -71.7% | 210,841 t |
| 2023 | Netherlands to Germany | $466.41 | $405.82 | +14.9% | 49,947 t |
| 2023 | Russia to Poland | $354.9 | $2,709.19 | -86.9% | 65,426.1 t |

## Featured corridor trade history

| Year | Route trade | Year-on-year change | 3-year growth |
| --- | --- | --- | --- |
| 2011 | $26.3K | 0% | 0% |
| 2012 | $29.5M | +111,947.6% | 0% |
| 2013 | $143.5M | +387% | 0% |
| 2014 | $119.5M | -16.7% | +1,556.5% |
| 2015 | $79.5M | -33.5% | +39.2% |
| 2016 | $42.2M | -47% | -33.5% |
| 2018 | $197.6M | +368.4% | +18.2% |
| 2019 | $644.7M | +226.3% | +100.9% |
| 2020 | $546.2M | -15.3% | +134.8% |
| 2021 | $554.2M | +1.5% | +41% |
| 2022 | $687.0M | +24% | +2.1% |
| 2023 | $201.3M | -70.7% | -28.3% |
| 2024 | $689.0M | +242.2% | +7.5% |

_Source: reported merchandise trade data. Updated 2026-08-14._