The spot reference price for 62% Fe iron ore cfr North China rose to $145.20 on Friday, March 23, 2012, up 0.3% from last Friday’s 16-week high of $144.70.  The price for iron ore rose steadily all week and is now at the highest level 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