The spot reference price for 62% Fe iron ore cfr North China rose some 1.8% this week to $137.40 on Friday, June 22, 2012, from $135.00 last week.  The price has risen for eleven consecutive days and is now at the highest level since May 11, 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