The spot reference price for 62% Fe iron ore cfr North China fell to $144.10 on Friday, May 4, down 0.9% from $145.40 last week, and the third straight weekly decline.  The price is slightly above the recent low of $143.80, recorded on April 26, 2012.

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