China: Iron ore futures rebound, steel futures fall

Dalian’s most-traded May iron ore futures today moved up slightly by RMB 35/t to close at RMB 1,070/t while Apr iron ore futures in Singapore Exchange rose to $160.5/t. Contrary to this, steel futures trading in Shanghai Futures Exchange fell on weaker sentiments. Rebar futures closed at RMB 4,931/t and HRC futures at RMB 4,701/t.


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