Rebar Falls From Near Two-Month High as Winter Demand Seen Weak
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Steel reinforcement-bar futures in Shanghai declined for the first time in three days as a rally to the highest in almost two months spurred some selling amid concern that consumption will weaken in winter.
Rebar for May delivery, the most-active contract on the Shanghai Futures Exchange, dropped by 0.2 percent to close at 3,716 yuan ($612) a metric ton. The contract touched 3,737 yuan earlier, the highest intra-day level since Oct. 15.