Rebar in Shanghai Climbs for Third Week as Iron Ore Cost Rises
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Steel reinforcement-bar futures in Shanghai extended a third weekly gain after iron ore prices rallied to the highest in almost four months.
Rebar for May delivery, the most-active contract on the Shanghai Futures Exchange, rose 0.2 percent to close at 3,702 yuan ($609) a metric ton, bringing this week’s gain to 0.9 percent.