Author: Lalita

  • Iron ore futures drop as China launches probe into spot market

    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…