Bloomberg reported that Atlas Iron Ltd expects iron ore prices to stay in a range between USD 120 per ton and USD 170 a ton in 2012 as demand from Chinese steel mills remains buoyant.

Mr David Flanagan Chief Executive Officer said in an interview at his company Wodgina mine site in Western Australia Pilbara region that a move toward monthly iron ore contract pricing is positive as it would provide more surety.

He said that demand from China, the world biggest steelmaker, won’t slacken next year. He added that “It feels like it’s business as usual in China. We’re not seeing any big anomalies there.”

(Sourced from Reuters)