The price of iron ore rose some 0.8% to $135.10 for the week ending July 6, 2012, from $134.oo last week. The price of iron ore has been relatively stable for the past two months now, trading in a range of $130-140/tonne.
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
Michelle-Can you tell me what iron ore prices you refer to? Are these fines, pellets, lump ore? Is the price including frt, ins, etc?