Author: Lalita
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China: Pressure piles on iron ore, steel futures amid output cuts
Iron ore futures on the Dalian Commodity Exchange slipped 1.3% on 19 Jul’21, amid concerns related to steel output cuts. Steel futures on the Shanghai Futures Exchange remained range-bound, with China keeping tabs on surging commodity prices and speculation. Closing prices of the most-traded ferrous futures: DCE iron ore futures Sept contract closed at RMB…