Iron ore miners cautious after last year's price falls SIX months on from the iron ore price slump that sent shockwaves through the mining sector, it's clear the strong recovery in iron ore prices has by no means healed the scars sustained during those unpredictable weeks. The Global Iron Ore & Steel Forecast conference saw representatives from across the industry converge in Perth yesterday, with the mood at the event tempered by ongoing expectations of further price volatility and uncertainty.