Chinese iron ore and steel futures fall

Dalian’s most-active May iron ore futures today declined by RMB 18.5 d-o-d to RMB 1,132.5/t. Meanwhile, iron ore futures Apr’21 contract in Singapore Exchange closed lower at $171.6/t. SHFE rebar futures May contract dropped by RMB 38/t while SHFE HRC May futures fell by RMB 46/t, as per SteelMint’s daily futures assessment.


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