The demand for Australian Iron Ore and Coking Coal will remain strong this year thanks to growing steel production in China and India.

"Australia's exports to China will likely build again this year, albeit more slowly, as Chinese steel output increases slightly to accommodate a small pickup in domestic demand," said Vivek Dhar, Mining and Energy Commodities Analyst at the Commonwealth Bank, as quoted by Business Insider Australia.  "We expect China's steel consumption will grow around 1.5 percent on the back of infrastructure investment.  However, the property sector will likely emerge as a headwind as policymakers target speculation."

If China's appetite for Australian resources tapers off because of slowing construction, India might prove to be a good market - especially for coking coal.

"India has enough local iron ore to help expand domestic steel output, which is growing at a healthy pace," said Mr. Dahr.  "An absence of good-quality coking coal will mean that India will likely become the main consumer of Australian coking coal in coming years."