The spot reference price for 62% Fe iron ore cfr North China fell to $142.60 on Friday, March 9, 2012, down 0.4% from last Friday’s price of $143.20.  Prices declined all week but are still 22.0% higher than the recent low of $116.90 on October 28, 2011.

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