Author: Lalita
-
China: Iron ore futures rebound on recovering steel margins
Iron ore futures on the Dalian Commodity Exchange (DCE) bounced back as steel margins recovered in China. Most-traded Sept’21 contract climbed 2.5% in today’s session. However, steel futures remained volatile given slight fluctuations. Closing prices of the most-traded ferrous futures contracts on 28 Jul: DCE iron ore futures Sept contract closed at RMB 1,137.5/t ($175)…