China: Benchmark iron ore futures continue to drop

Iron ore futures in China’s Dalian Commodity Exchange fell further by RMB 37.5/t. The most traded May contract closed at RMB 1,004.5/t, as per SteelMint assessment. Meanwhile, SGX iron ore futures for Apr closed at $151.09/t. SHFE rebar futures remained range-bound while HRC futures picked up by RMB 71/t in today’s trading.


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