Author: Lalita
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China: Ferrous futures jump on probable steel output curbs
DCE iron ore futures jumped over 5% in today’s session fuelled by expectations of further steel output curbs in China. Steel futures gained 3% against the last closing on bullish sentiments. Closing prices of the most-traded futures contracts on 11 June’21 are: DCE iron ore futures Sep’21 contract closed at RMB 1,247/t ($195) (+RMB 69)…