Author: Lalita
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China: Iron ore futures gather pace on improved margins
Iron ore futures on the Dalian Commodity Exchange continued to rise on improved steel margins buoying demand prospects. Closing prices: DCE iron ore futures Jan’22 contract: RMB 797.5/t ($124) (+RMB 35) SGX iron ore futures Oct contract: $135.30/t (+9.55) SHFE rebar futures Jan’22 contract: RMB 5,808/t ($901) (+RMB 58) SHFE HRC futures Jan’22 contract: RMB…