Rebar Futures Fall in Shanghai on Inventory, Spot-Price Decline
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Steel reinforcement-bar futures fell for the first time in three days amid high inventory levels in China, the biggest user, and waning demand in the spot market.
Rebar for delivery in October dropped by 0.8 percent to close at 4,020 yuan ($646) a metric ton on the Shanghai Futures Exchange today. The October contract has retreated 3.3 percent last month.