The spot reference price for 62% Fe iron ore cfr North China decreased 2.6% to $134.10 for the week ending September 6, 2013, falling to the lowest price since August 7, 2013.

The spot price for iron ore averaged $112.12 in 3Q12, $120.57 in 4Q12, $148.16 in 1Q13, and $125.76 in 2Q13; the full-year 2012 average was $128.30.

The post-recession low was $59.10 on March 27, 2009, while the high was $191.90 on February 17, 2011.

Source: The Steel Index