DCE’s most-traded May’21 iron ore futures today rose by RMB 20 to close at RMB 1,151/t on optimistic sentiments despite production curbs in Tangshan. Singapore’s Mar’21 iron ore futures closed higher by $1.4 to $168.7/t. Steel futures in China also gained as downstream consumption continued to pick up. SHFE HRC futures closed at RMB 4,887/t while rebar futures closed at RMB 4,677/t.
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