Author: Lalita

  • China: Iron ore and steel futures plunge as steel prices fall

    China: Iron ore and steel futures plunge as steel prices fall

    Dalian Commodity Exchange (DCE) iron ore futures fell by 4% (d-o-d) as steel prices extended declines amid further curbs by the Chinese government. Meanwhile, steel futures in the Shanghai Futures Exchange (SHFE) dropped by 5% in today’s session. The closing prices of the most-traded iron ore and steel futures contracts on 19 May’21 are: DCE…