Iron Ore | Today''s Spot Price Charts Market .
The industry standard when discussing iron ore is 62% Fe CFR China which is used by all except IRESS. IRESS (used by many stockbrokers) tracks % Fe CFR Australia under the ticker "". CFR Stands for "cost and freight" and is when the seller must cover the cost of transporting the ore to a destination. "CFR China" means the purchase price includes delivery to a ...