Author: Lalita
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Chinese iron ore and steel futures close higher
DCE iron ore Jan’21 futures contract rose today by RMB 17.5 to close at RMB 785.5/t. The same in SGX gained marginally to $114.51/t. Steel futures in SHFE showed a significant surge with rebar futures having closed at RMB 3,668/t (+52) and HRC futures at RMB 3,854/t (+42).