Iron ore futures in China’s Dalian Commodity Exchange today hit their highest after Vale SA unveiled output targets that lagged forecasts, adding to concerns about weak iron ore supply. The most-traded Jan contract closed higher at RMB 937/t. Iron ore futures in Singapore Exchange moved up to $135.66/t. SHFE HRC and rebar futures slipped by RMB 38 and RMB 47, respectively.
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