Iron ore and steel futures in China rally

DCE iron ore futures rallied by RMB 14 d-o-d, as per SteelMint’s daily assessment. Most traded Jan’21 futures closed at RMB 855/t while SGX Dec’20 futures closed at $122.5/t. Steel futures in Shanghai Exchange followed the same trend with rebar futures closing at RMB 3,919/t and HRC futures at RMB 4,053/t.


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