Author: Lalita
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China: Iron ore futures tumble as demand slides
Dalian iron ore futures fell by 4.7% on 21 Jul’21 as demand for the steelmaking raw material slumped, with Chinese mills reducing production following government notices. Closing prices of the most-traded iron ore and steel futures contract: DCE iron ore futures Sept contract closed at RMB 1,174/t ($181) (-RMB 59) SGX iron ore futures Aug…