Chinese iron ore futures decreased amid stricter production curbs in the top steelmaking city, Tangshan. DCE’s most-traded May iron ore futures contract closed at RMB 1,035/t, down by RMB 24 d-o-d. Singapore’s Apr iron ore futures closed at $157.35/t. Meanwhile, steel futures in China remained supported on firm demand. HRC futures closed higher at RMB 5,068/t while rebar futures closed at RMB 4,787/t.
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