Chinese iron ore and steel futures market resumed after the week-long China New Year (CNY) holiday. Dalian’s most-traded May’21 iron ore futures climbed by RMB 60 to close at RMB 1,131.5/t while iron ore futures for Mar’21 delivery in Singapore Exchange remained largely stable, closing at $169.65/t. SHFE rebar futures surged by as much as RMB 125 and SHFE HRC rose by RMB 100.
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