Chinese iron ore and steel futures slump

Dalian’s iron ore futures May contract today fell by RMB 34.5 to RMB 1,059/t while SGX iron ore futures for Mar moved down by $4.9/t to close at $160/t. SHFE rebar and HRC futures also decreased and closed at RMB 4,729/t and RMB 4,995/t respectively.


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