Author: Lalita
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China: Benchmark iron ore futures remain range-bound, rebar futures rally
Benchmark DCE iron ore futures today remained range-bound on a d-o-d basis amid stricter curbs in China. China’s state planner and industry ministry yesterday said that they would launch an inspection on implementation of steel capacity cut in the past few years, and reiterated fewer crude steel output in 2021 to reduce emissions. Meanwhile, steel…