China exchanges shift to iron ore, steel price rally
Mon, May 10, 2021 8:27 PM

China exchanges shift to iron ore, steel price rally

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China's commodity exchanges on Monday shifted to lift trading limits and margin needs for some iron ore contracts and reinstated fees on steel futures as a intense rally for ferrous metals showed no signs of ease. China is the world's top steel supplier and largest consumer of iron ore, which is required for steel making. A recent hike in prices for the material, party due to the supply concerns.

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