Rebar Trades Near Six-Week Low as China Steel Output Gains
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Steel reinforcement-bar futures in Shanghai remained at the lowest in more than six weeks as output climbed in China, the biggest user.
Rebar for delivery in January on the Shanghai Futures Exchange ended at 3,647 yuan ($596) a metric ton today, matching yesterday’s close that was the lowest for a most-active contract since Aug. 1. The building material lost 1.8 percent last week.