Author: Lalita
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China: Iron ore, steel futures close lower as govt seeks to cool markets
Iron ore futures at China’s Dalian Commodity Exchange (DCE) continued to fall as sentiments weakened after the government sought stricter oversight of commodity markets to curb soaring prices. The closing prices of the most-traded iron ore and steel futures contracts on 21 May’21 are: DCE iron ore futures Sep’21 contract closed at RMB 1,096.5/t ($170.5)…