Iron ore futures in Dalian Commodity Exchange today fell by RMB 6.5 to close at RMB 796.5/t. Futures in Singapore Exchange closed at $118.07/t, down marginally on d-o-d basis. Meanwhile, Shanghai rebar futures gained RMB 2 and closed at RMB 3,577/t. With steel margins squeezing further, outlook of iron ore futures also softened.
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