Author: Lalita
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China: Iron ore futures pick up on rising steel futures contracts
Dalian iron ore futures increased by 1.6%, d-o-d, on 3 Sept’21 following an uptick in steel futures. Re-bar and HRC futures on the Shanghai Futures Exchange (SHFE) jumped 2.5% and 2.8%, respectively. Closing prices for the most-traded ferrous futures: DCE iron ore futures Jan’22 contract closed at RMB 786/t ($122) (+RMB 12.5) SGX iron ore…