The spot reference price for 62% Fe iron ore cfr North China rose to $144.70 on Friday, March 16, 2012, up 1.5% from last Friday’s price of $142.60.  The price increased to $145.00 on Thursday of this week, which is the highest price recorded since November 22, 2011, when the price was at $146.60.

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