The spot reference price for 62% Fe iron ore cfr North China rose some 3.4% this week to $135.00 on Friday, June 1, 2012, ending a six-week downward trend and some 3.9% above the six-month low of $129.90 seen on May 23.  The price is still down some 9.6% from the recent peak of $149.40 on April 13 however.

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