Author: Lalita
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China: Benchmark iron ore & steel futures hit record-high on strong demand outlook
Iron ore and steel futures in China today surged to a record-high level on prospects about upbeat demand and supply concerns. The most-active DCE iron ore futures May ’21 contract today jumped by RMB 47 to close at RMB 1,073.5/t. SGX’s most-active Jan ’21 contract closed high at $162.37/t. Both, HRC and rebar futures in…