The Metals Report: Colin, iron prices hit 15-month highs in early January. Iron CFR North China prices are now hovering just below $150 per dry metric ton (/dry Mt). Do you see further upward momentum in iron prices in 2013?
Colin Healey: It’s still somewhat touch and go. If we see an average 2013 price hold up where it is today, we’d be happy. Most analysts, including myself, have a declining price forecast for iron ore going forward through 2014, ’15 and ’16. Our model implies CFR China prices of about $150 for the remainder of 2013, so if we maintain support in that range we’ll … [visit site to read more]
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