Author: Lalita
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China: Iron ore futures drop tracking declining steel futures
Dalian iron ore futures fell by 3.8% d-o-d on 12 Aug’21 tracking decline in steel futures as China’s output curbs fuelled supply worries. SHFE steel futures decreased by up to 2.7% in today’s session. Closing prices of the most-traded ferrous futures contracts: DCE iron ore futures Jan’22 contract closed at RMB 838/t ($129) (-RMB 33.5)…