Author: Lalita
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China: Iron ore futures remain range-bound, steel futures rise
Iron ore futures in Dalian and Singapore Exchange today remained largely stable. DCE’s most-traded May contract closed at RMB 1,131/t while Singapore’s front month Mar iron ore futures closed at $170.6/t. Meanwhile, SHFE rebar and HRC futures jumped by RMB 92 and RMB 68 respectively. Chinese steel futures rose on expectations of global demand rebounding…