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 dropped by RMB 26/t whereas HRC futures gained by RMB 21/t.
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