Iron ore prices fell to the lowest point in almost two months as Europe's debt crisis slowed global growth and curbed demand in China, the world's biggest buyer.

Iron ore with 62 percent content delivered to the port of Tianjin fell 2 percent to $130.10 a dry ton on Monday, the lowest price since May 23, according to data compiled by The Steel Index Ltd. Prices are down 6.1 percent this year.