Author: Lalita
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China: SHFE steel futures soar on positive outlook
Steel futures on the Shanghai Futures Exchange (SHFE) surged today on positive demand outlook. Re-bar futures rose by as much as 4.2%, d-o-d, and HRC futures by 2%. On the contrary, the iron ore futures market continued its downtrend, falling by 2.2%. Closing prices of the most-active ferrous futures contracts on 9 Sept’21: SHFE re-bar…