China’s iron ore and steel futures eased on Tuesday after surging to their highest levels in multiple months in the previous session, as speculators tended to sell positions amid concerns over trade talks between Beijing and Washington. The most-active iron ore futures on the Dalian Commodity Exchange dipped 0.3 percent to 649 yuan ($95.61) per tonne as of 0205 GMT. It reached a daily-trading limit of 8 percent to a record high of 652 yuan on Monday. “It is not surprising that iron ore prices will pull back as some traders want to secure gains and wait to see the next move in the market,” said a Shanghai-based ... (full story)