Author: Lalita
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China: Iron ore futures slide on bearish market outlook
DCE iron ore futures plunged 5.6%, d-o-d, on 1 Sept’21 on weak demand amidst China production cut worries. SHFE steel futures, too, fell by 1.3% yesterday. Closing prices of the most-traded ferrous futures contracts: DCE iron ore futures Jan’22 contract closed at RMB 765/t ($118) (-RMB 43) SGX iron ore futures Sept contract closed at…