Author: Lalita
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China: Ferrous futures gain on demand optimism
Dalian iron ore futures climbed 3%, d-o-d, on 27 Aug’21 on expectations of a demand recovery in China. Meanwhile, re-bar and HRC futures on the Shanghai Futures Exchange rose by 2.2% and 1.7% respectively on fast-improving sentiments. Closing prices of the most-traded ferrous futures: DCE iron ore futures Jan’22 contract closed at RMB 840/t ($130)…