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Iron ore glut to overwhelm weak China demand: Goldman

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Rising seaborne iron ore supplies over the next two quarters will probably overwhelm weak demand from mills in China, according to Goldman Sachs Group Inc, which said that a global glut was entering its second year.

Singapore

RISING seaborne iron ore supplies over the next two quarters will probably overwhelm weak demand from mills in China, according to Goldman Sachs Group Inc, which said that a global glut was entering its second year.

While housing starts in China have recovered and...

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