The spot reference price for 62% Fe iron ore cfr North China declined for the sixth consecutive week, falling to $130.50 on Friday, May 25, 2012, down some 0.6% from the week before and down 12.7% from mid-April.  The price dropped to a six-month low of $129.90 on Wednesday, May 23, before ticking slightly higher the past two days.

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