Author: Lalita
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China: Iron ore futures in free fall on steel output control concerns
Iron ore futures on the Dalian Commodity Exchange (DCE) dropped for the second straight session, as news of production cuts in China sparked demand concerns. However, rebar and hot-rolled coil futures on the Shanghai Futures Exchange (SHFE) gained 0.7%. Closing prices of the most-traded ferrous futures contracts on 09 Jul’21: DCE iron ore futures Sept…