Author: Lalita
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China: Dull demand drags iron ore futures to three-week low
Dalian iron ore futures fell by 3.1% on 22 Jul’21 and were on course to hit a three week-low on persistent dull demand due to production cuts in China. As per sources, the Chinese government is keen to control steel production in 2021 which may dent demand for the steelmaking raw material. On the other…