The spot reference price for 62% Fe iron ore cfr North China rose to $147.60 on Friday, March 30, 2012, up 1.7% from last Friday’s $145.20, and a 3.2% increase for the month.  The price for iron ore rose to $147.70 on both March 28 and 29, the highest since October 18, 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