Atlas Iron sees strong iron ore demand from China

MELBOURNE (Scrap Monster): Atlas Iron, Australia's leading iron ore miner sees strong demand from China and is expected to pick up after Chinese New Year.

"Provided that your tons are competitive with the market, the actual consumption rate is as strong as ever," Chief Commercial Officer Mark Hancock told reporters on a conference call.

Atlas expects iron ore prices to remain between around $120-150 a tonne longer term.