Rebar Falls as Li Says China Has Chosen Steady Monetary Policy
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Steel reinforcement-bar futures fell in Shanghai after Premier Li Keqiang said the government has chosen steady monetary policy, damping speculation for more economic stimulus.
Rebar for delivery in January on the Shanghai Futures Exchange fell 0.8 percent to 3,627 yuan ($593) a metric ton, bringing this month’s loss to 3.4 percent. Futures have climbed