Iron ore futures closed at high RMB 900s/mt, just shy of the coveted RMB 1,000/mt mark, after a week of speculative trading supported by good steel demand and margins. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then rose further by 4.38% day-on-day or RMB 41.50 to 989.50/mt on Friday. The steel rebar contract …
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