The benchmark iron ore futures for May delivery in Dalian Commodity Exchange today fell sharply by RMB 112/t ($17/t) to close at RMB 1,031.5/t ($158/t). Iron ore futures Apr contract in Singapore Exchange dropped by $7.6 to $165/t. Rebar and HRC futures decreased by RMB 160/t ($25/t) and RMB 144/t ($22/t) respectively. According to market sources, anti-pollution restrictions in China’s steel hub Tangshan pressured the prices.
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