Goldman Says China Iron Imports to Shrink as Old Economy Fades

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  • Bank projects decline in nationwide steel demand in 2017, 2018
  • Iron ore purchases will drop ‘eventually,’ bank forecasts

Goldman Sachs Group Inc. is forecasting that steel consumption in China will shrink again from next year after a brief respite in 2016, and the nation’s iron ore imports will eventually start to decline too as policy makers shift the economy away from investment.

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