Author: Lalita
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Benchmark iron ore futures gain on rising industrial metals consumption
China’s iron ore and steel futures increased slightly on rising consumption of industrial metals while concerns about steel output curbs also underpinned prices. DCE’s most-active May iron ore futures contract today rose by RMB 21 to close at RMB 1,089/t while Singapore’s Apr iron ore futures remained largely stable at RMB 160.3/t. SHFE rebar futures…