China iron ore and steel futures decline

Dalian iron ore futures’ most traded contract of Jan’21 witnessed a decline of RMB 2.5 d-o-d and closed at RMB 835.5/t while the same in Singapore Exchange fell by $1.28 to $119.7/t. Rebar and HRC futures in Shanghai Exchange followed the same trend and decreased by RMB 11 and RMB 24, respectively.


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