Author: Lalita
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China: Iron ore futures slump on weak demand, improved supply
Iron ore futures on the Dalian Commodity Exchange (DCE) fell 4.7% in today’s trading session on expectations of improved supply of the steelmaking raw material and lower Chinese demand. SHFE steel futures, on the other hand, dipped by up to 1%. Closing prices of the most-traded ferrous futures contracts on 9 Aug’21: DCE iron ore…