Author: Lalita
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China: Iron ore futures jump as production resumes in Tangshan
Iron ore futures on China’s Dalian Commodity Exchange (DCE) jumped 3.6% on 5 Jul’21 on rising demand, as steel mills in Tangshan resumed production after the Chinese Communist Party’s 100th anniversary celebrations recently. Steel futures on the Shanghai Futures Exchange (SHFE) rose by 1.9%, as assessed by SteelMint. Closing prices of the most-traded ferrous futures…