Iron ore prices to drop in 2012 as demand slows From: Dow Jones Newswires January 10, 20129:25AM
GLOBAL demand growth for iron ore is set to slow in 2012, bringing down average iron ore prices from last year's record high.
Market expectations are that average spot prices will range between $US150 to $US160 a metric ton for iron ore fines of 62 per cent iron content delivered to Chinese ports, from $US168 a ton in 2011, said Steve Randall, managing director of the Steel Index, a London-based reference price supplier.
HAR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
