The spot reference price for 62% Fe iron ore cfr North China remained at $147.60 on Thursday, April 5, 2012, from last Friday. This price is just below the recent high of $147.70 reached on March 29.
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
The firm demand for Iron ore in China tend to keep prices on the high side, following Steel capacity.