Rebar Declines to One-Month Low on Iron Ore Price, Mill Output
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Steel reinforcement-bar futures in Shanghai fell to a one-month low as Chinese mills boosted output and iron ore prices tumbled to the lowest in four weeks.
Rebar for January delivery on the Shanghai Futures Exchange fell by 0.2 percent to close at 3,723 yuan ($608) a metric ton, the lowest price at close for a most-active contract since Aug. 7. Futures lost 0.8 percent this week.