Author: Lalita
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China: Iron ore futures continue to fall on oversupply worries
Iron ore futures on China’s Dalian Commodity Exchange (DCE) fell 2.2% d-o-d as rising supplies from major miners countered firm demand at China’s steel mills. Steel futures on the Shanghai Futures Exchange (SHFE) dropped further by 3%. Closing prices of the most-traded iron ore and steel futures contracts on 16 Jul’21 are: DCE iron ore…