The spot reference price for 62% Fe iron ore cfr North China rose some 2.7% this week to $135.00 on Friday, June 15, 2012, increasing from last week’s price of $131.40.  The price has increased for six consecutive days and is now at the highest level since June 1.

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