According to RBC Capital's Robin Kozar, the recent strength in iron ore prices is sustainable into the Q1 of 2013 as light supplies from India, declining inventories in China, healthy margins in China and seasonal weakness in the Chinese domestic supply all come into play.
Though pricing is expected to peak in the Q1, Kozar and his team expect iron ore prices will remain well supported into the H1 of the year. Kozar sees H1 pricing at USD 130 per metric tonne.
Source:
http://www.steelguru.com/raw_material_news/RBC_sees_iron_ore_prices_Peaking_in_Q1/296174.html
