Author: Lalita
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China: Dalian iron ore futures rally on robust steel demand
DCE (Dalian Commodity Exchange) iron ore futures jumped by over 3.7% d-o-d, propped up by strong margins netted by steel mills, while a record high crude steel output – on the back of resilient demand – contributed to boosting sentiment for iron ore. The closing prices of the most-traded iron ore and steel futures on…