Author: Lalita
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China: Ferrous futures rebound after last week’s fall
Chinese ferrous futures rebounded after plunging last week following the government’s move to stabilise commodity prices. Iron ore futures on the Dalian Commodity Exchange (DCE) rose 4.7% d-o-d while steel futures on the Shanghai Futures Exchange (SHFE) picked up by around 1% in today’s session. The closing prices of the most-traded iron ore and steel…