Author: Lalita
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China: Iron ore and steel futures hit record highs on robust steel demand
Iron ore futures in China today reached its highest level on strong demand for steel products and concerns over production curbs. Rebar and HRC futures trading in Shanghai Futures Exchange also witnessed a hike of 1.3% and 2.6% respectively, hitting an all-time high. The closing prices of the most-traded iron ore and steel futures contract…