The spot reference price for 62% Fe iron ore cfr North China fell 1.0% to $135.90 for the week ending April 5, 2013 and was some 14.5% below the recent high of $158.90 on February 20.
The spot price for iron ore averaged $148.20/tonne in 1Q13, some 22.9% higher than 4Q12’s $120.57/tonne. The full-year 012 average was $128.30/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
The spot reference price for 62% Fe iron ore cfr North China Increased 3.0% to $139.40 for the week ending December 28, 2012. The price has since moved up another 10.0% this week to $153.30 – the highest level since 10/18/2011 and some 76.8% higher than the recent low of $86.70 on 9/5/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 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
