Subscribe to RSS feedBooming iron ore shipping to feed Chinese steel surge
by
Michelle Wiese Bockmann, London
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last modified
Apr 14, 2010 04:02 PM
STRONG Chinese export growth will push global seaborne iron ore trade to hit 1.3bn tonnes within five years, according to Goldman Sachs’ latest forecasts.
Goldman Sachs vice-president of high yield research Justine Fisher said the US investment bank was extremely optimistic about China and its increasing significance to shipping. Chinese GDP growth was forecast at 11.4% for 2010, higher than consensus estimates of 9.8%...
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