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    LONDON, July 15 The spot price of iron ore touched a low of $44.10 per tonne last week. The price boomed, reaching a peak of $191.90 early in 2011, and is

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    Crushed iron ore is transported in railroad cars at Vale SA's Brucutu mine in Barao de Cocais, Brazil. Photographer: Dado Galdieri/Bloomberg

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    The spot price of iron ore.IO62CNI=SI touched a low of $44.10 per tonne last week. COLUMNAtlas opens new chapter in iron ore pricing: Andy Home

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    The spot price of iron ore touched a low of $44.10 per tonne last week. Edition: U.S. Africa; Atlas opens new chapter in iron ore pricing: Andy Home.

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    Iron ore futures collapsed today, falling 6.7 percent. It's a major component of steel and as such is viewed as one indicator of economic health in China.

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