The price of iron ore fell some 2.5% to $134.00 for the week ending June 29, 2012, halting an eleven-day upward trend.  The price dropped from $137.40 last week, which was the highest level since May 11, 2012, and current levels are down 26.0% from the peak of $181.00 in the past twelve months.

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