Author: Lalita
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China: Iron ore, steel futures close lower on bearish sentiments
Iron ore futures in the Dalian Commodity Exchange (DCE) fell by 3% today while contracts in Singapore Exchange (SGX) dropped by 4%. Market sentiments turned bearish amid policy uncertainty. Steel futures kept trending down with rebar and HRC futures falling by 2.6% and 3.2% respectively. The closing prices of the most-traded iron ore and steel…