Author: Lalita
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China: Iron ore futures extend losses on steel output controls
Benchmark iron ore futures on the Dalian Commodity Exchange fell 1.2% on 23 Jul’21, as the Chinese steel market turned bearish and iron ore demand softened on steel production curbs. However, steel futures contracts on the Shanghai Futures Exchange edged up by 0.4%, as per SteelMint assessment. Closing prices of the most-traded iron ore and…