Steel and iron ore prices fell 6% due to China’s repression and weather

Chinese steel and iron ore prices fell on Wednesday after Shanghai futures pledged “extraordinary deals”, citing the government’s earlier efforts to stimulate commodity inflation through warnings. Shanghai Construction Steel Rehabilitation SRBCV1 Day Trading ended 6% lower at 4,667 Yuan (29 729.79), hitting its lowest level since March 24, hitting 4,661 Yuan previously. The hot-rolled coil…

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