Rebar Futures Swing as Investors Weigh Stockpiles, Steel Output
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Steel reinforcement-bar futures in Shanghai swung between gains and losses as investors weighed falling stockpiles in China against higher steel production.
Rebar for May delivery, the most-active contract by volume on the Shanghai Futures Exchange, earlier rose as much as 0.5 percent and fell as much as 0.2 percent before trading at 3,599 yuan ($591) a metric ton by 11:14 a.m. local time. The contract fell 1.9 percent last week.