Iron ore and steel futures on Chinese exchanges fell by 2.3% and 1.5% respectively in today’s trading session as demand continued to remain weak on output cuts notwithstanding improving steel margins. Closing prices of the most-active iron ore and steel futures contracts on 27 Jul’21:
- DCE iron ore futures Sept contract closed at RMB 1,109.5/t ($170) (-RMB 27)
- SGX iron ore futures Aug contract closed at $197.50/t (-1.5)
- SHFE rebar futures Oct contract closed at RMB 5,613/t ($862) (-RMB 74)
- SHFE HRC futures Oct contract closed at RMB 5,896/t ($906) (-RMB 94)
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