Author: Lalita
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Iron ore futures drop as China launches probe into spot market
Iron ore futures on the Dalian Commodity Exchange (DCE) plunged by over 6.8% in today’s trading session as China stepped up investigations into the iron ore spot market, as per latest reports. Steel futures on the Shanghai Futures Exchange (SHFE) fell 3.3%. Seasonal slowdown in construction steel demand weighed on sentiments. Closing prices of the…