Author: Lalita
-
China: Iron ore futures rebound, steel futures tumble
Dalian iron ore futures rebounded today after witnessing consecutive declines last week. The most-traded Sep iron ore contract gained by RMB 35/t to RMB 1,014/t. Most-active May iron ore contract in Singapore Exchange also inched up by $1.95/t to close at $167.2/t. Steel futures in Shanghai Futures Exchange fell by around 2%, hit by concerns…