Author: Lalita
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China’s record steel output lifts iron ore futures
Dalian iron ore futures climbed 2% d-o-d as China’s monthly crude steel output in Apr rose to 97.9 mn t to hit monthly and daily run-rate records, showing no sign of the industry cooling despite government attempts to rein in output. However, on the other side, SHFE rebar and HRC futures fell by 0.8% and…