BHP/VALE/CLF—Steel-industry expert predicts average spot iron-ore price of $150-160/tonne in 2012: http://online.wsj.com/article/SB20001424052970203721704577159271444545952.html The midpoint of this range is 8% lower than the 2011 average of $168/tonne and is 5% higher than the 2010 average of $146/tonne.