Author: Lalita
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China: Re-bar futures continue downtrend, iron ore rangebound
Re-bar futures contracts on the Shanghai Futures Exchange (SHFE) fell by 2.8% d-o-d to a 10-day low, as slower-than-expected growth in industrial output and slowing down of activity in the construction sector in China start weighing on prices. On the other hand, DCE iron ore futures remained rangebound with slight correction. Closing prices of the…