The spot reference price for 62% Fe iron ore cfr North China rose for the third consecutive week, up 0.7% from $135.90 last week to $136.80 for the week ending November 15, 2013, remaining at the highest price since August 30, 2013.
The spot price for iron ore averaged $120.57 in 4Q12, $148.16 in 1Q13, $125.76 in 2Q13, and $132.57 in 3Q13; 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
