Author: Lalita
-
China: Ferrous futures fall on weak steel demand
Iron ore futures on the Dalian Commodity Exchange (DCE) dropped sharply by 3.5% after witnessing consecutive hikes in the past few trading sessions. Steel futures on the Shanghai Futures Exchange (SHFE) also dipped slightly by 0.6% day-on-day. Weak Chinese steel demand due to bad weather as well as threats of market invention by the authorities…