Author: Lalita
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Chinese iron ore and steel futures drop further
Iron ore’s most traded May contract in Dalian Commodity Exchange dropped further by RMB 28.5 to close at RMB 1,026.5/t on changes in trading rules. Singapore’s most traded Jan iron ore contract decreased by $3.38 on a d-o-d basis and closed at $160.5/t. SHFE rebar and HRC futures fell by RMB 85 and RMB 89,…