The spot reference price for 62% Fe iron ore cfr North China fell 2.9% to $146.30 for the week ending March 8, 2013 and moved down another 1.5% to $144.10 on Monday – down some 9.3% from the recent high of $158.90 reached on February 20, 2013.
The spot price for iron ore averaged $139.35 in 2Q12, $112.12 in 3Q12, and $120.57 in 4Q12; this compares to an average of $128.30 for full-year 2012.
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
