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China’s Iron Ore Futures Sag on Steel Curbs, Carbon-Cutting Worries

2021年03月11日 20:10 来源于 财新网
The most actively traded contract fell 11.4% from March 4 to March 10, before regaining some ground on Thursday
The most actively traded iron ore futures contract in China slid 5.24% on Wednesday after the northern steel town of Tangshan ordered local mills to cut production as heavy smog hit the region. Photo: VCG

Benchmark iron ore futures in the world’s biggest consumer of the key steel ingredient stumbled this week after a major smog wave in North China led to the rollout of government-mandated manufacturing cutbacks to improve air quality.

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