Iron ore futures in Dalian Commodity Exchange remained supported by supply concerns and China’s robust steel demand. Today, the most traded DCE May’21 futures closed higher at RMB 996/t, up RMB 12 against yesterday. Iron ore futures in Singapore Exchange remained almost stable at $158.3/t. SHFE HRC futures jumped by RMB 118 to close at RMB 4,554/t while rebar futures rose by RMB 132/t to RMB 4,388/t.
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