Rebar Falls in Worst Week Since May on Output Gain, Weak Demand
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Steel reinforcement-bar futures in Shanghai capped the biggest weekly decline since May as steel mills expanded production while demand remained lackluster.
Rebar for delivery in January on the Shanghai Futures Exchange dropped 1.5 percent to close at 3,657 yuan ($598) a metric ton, the lowest close for a most-active contract since Aug. 1. Futures slumped 1.8 percent this week, the most since the five days through May 31.