Iron ore futures in Dalian Commodity Exchange today witnessed a sharp fall of RMB 31 to RMB 796.5/t as easing global supply tightness and falling steel margins in China fuelled sales. Futures in Singapore Exchange closed at $119.5/t, falling $4.5 d-o-d. China rebar futures declined by RMB 17 and closed at RMB 3,575/t.
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