Author: Lalita
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China: Ferrous futures drop on dull seasonal demand, output curbs
Iron ore and steel futures in China dropped by 2.5% in today’s session on weak downstream demand, while steel prices declined due to output curbs in Tangshan. The closing prices of the most-traded ferrous futures on 15 Jun’21 are: DCE iron ore futures Sep’21 contract closed at RMB 1,225.5/t ($191) (- RMB 21.5) SGX iron…