Author: Lalita
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China: Iron ore futures remain range-bound
Dalian’s most-active May iron ore futures contract remained largely stable closing at RMB 1,153.5/t. Iron ore futures in Singapore Exchange also remained almost stable at $173.85/t. Steel futures in Shanghai Exchange closed higher today on the back of optimistic downstream demand recovery. Rebar futures closed higher at RMB 4,842/t and HRC futures closed at RMB…