China: Iron ore and steel futures rebound

Dalian iron ore futures today picked up with the most-active May contract closing higher at RMB 1,154.5/t, up by RMB 22 d-o-d. Iron ore futures for Apr month delivery in Singapore Exchange remained range-bound at $172.55/t. Shanghai rebar futures increased by RMB 93 and HRC futures moved up by RMB 66/t, as per SteelMint assessment.


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