Rebar Advances After China’s Trade Performance Beats Estimates
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Steel reinforcement-bar futures in China rose the most in more than two weeks after China’s export and import growth unexpectedly accelerated in April.
Rebar for delivery in October on the Shanghai Futures Exchange gained 1.2 percent to 3,669 yuan ($597) a metric ton, the highest close for a most-active contract since April 19. Futures have rebounded 3.9 percent since reaching a five-month low of 3,530 yuan on May 2.