Original article by Jasmine Ng
The Australian Financial Review – Page: 25 : 4-Jul-16

A new report from Goldman Sachs forecasts a two per cent decline in China’s steel consumption in both 2017 and 2018. The investment bank also recently forecast that China’s iron ore imports will total 971 million tonnes in 2016, compared with 953 million tonnes in 2015. Iron ore imports are tipped to rise slightly in 2017, followed by a decline in subsequent years. Meanwhile, Goldman Sachs has maintained its long-term forecast of $US35 per tonne for iron ore.

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