Author: Lalita
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China: Iron ore futures rise on expectations of additional policy support
Dalian iron ore futures on 15 Jul’21 rose by 1.18% on expectations of further policy support as China’s economy showed lower than expected growth of 7.9% in Q2 CY’21, mainly attributed to slowdown in industrial activities, higher raw material costs and rising Covid-19 cases. Shanghai steel futures, on the other hand, witnessed a 0.6% drop…