Iron ore futures in China today fell by RMB 47 d-o-d over demand concerns, fueled by the circulation of an unconfirmed notice in the Chinese steel industry which says Tangshan’s city authorities are planning to curtail steel mills’ output for the rest of CY ’21. Most traded May iron ore futures contract in DCE closed at RMB 1,042/t while SGX Apr contract fell by $5 to $155.10/t. SHFE long steel (rebar) futures dropped marginally by RMB 13/t whereas flat steel (HRC) futures gained RMB 21/t against yesterday.
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