Tag: Steel futures
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China: Iron ore, steel futures slide on weak demand
Iron ore and steel futures on Chinese exchanges fell by 2.3% and 1.5% respectively in today’s trading session as demand continued to remain weak on output cuts notwithstanding improving steel margins. Closing prices of the most-active iron ore and steel futures contracts on 27 Jul’21: DCE iron ore futures Sept contract closed at RMB 1,109.5/t…