SteelMint

Author: Lalita

  • China: Iron ore futures slump to a six-month low

    China: Iron ore futures slump to a six-month low

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    by

    Lalita
    in

    Iron ore futures on the Dalian Commodity Exchange (DCE) declined by 6% to a six-month low on 19 Aug’21 due to increasing supply and a weak demand outlook in China. Steel futures on the Shanghai Futures Exchange (SHFE) dropped by 2.5% on expectations of low demand from the construction segment on account of China’s tightening…