China’s benchmark iron ore futures rise by RMB 14.5

DCE iron ore futures’ most-active May contract moved up by RMB 14.5 d-o-d to close at RMB 948/t while SGX iron ore futures Mar contract rose by $2.8 to $150.3/t. SHFE rebar futures closed higher at RMB 4.175/t and HRC futures at RMB 4,335/t, as per SteelMint assessment.


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