Author: Lalita
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China: Iron ore futures gain on strong steel output
Iron ore futures in China rose 2.1% and steel futures by 1.7% in today’s session. Raw material prices in the domestic market edged higher, buoyed by the country’s bureau of statistics data showing a record monthly output of 99.45 mn t of crude steel in May’21. Closing prices of the most-traded iron ore and steel…