Author: Lalita
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China: Ferrous futures improve even as dull sentiments persist
Iron ore and steel futures in China today saw slight recovery, as the most-traded contract prices moved up by 3% and 1.6% respectively. However, the market is still bearish due to weak demand outlook amidst steel output curbs. The closing prices of the most-traded iron ore and steel futures contracts: DCE iron ore futures Jan’22…