Author: Lalita
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China: Ferrous futures market rebounds on supply concerns
Iron ore futures on the Dalian Commodity Exchange (DCE) bounced back on potential supply concerns from the leading global producers of the key steelmaking ingredient amidst strong demand in the Chinese market. Steel futures on the Shanghai Futures Exchange (SHFE) recovered from earlier losses by 2.7% in today’s session. Closing prices of the most-traded iron…