The spot reference price for 62% Fe iron ore cfr North China fell to $145.40 on Friday, April 27, 2012, down 2.0% from $148.40 last week.  The price of iron ore had posted continuous declines from the recent peak of $149.40 on April 13 through Thursday when the price fell to $143.80 – the lowest since March 23, 2012 – before rebounding slightly today.

The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.

Source: The Steel Index