Rebar Falls for Fourth Day as Iron Ore Drops to Eight-Week Low
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Steel reinforcement-bar futures in Shanghai retreated for a fourth day as iron ore, a key ingredient for steel-making, declined to an eight-week low.
Rebar for May delivery on the Shanghai Futures Exchange fell 0.2 percent to close at 3,663 yuan ($603) a metric ton, the lowest for a most-active contract since Nov. 27. Prices lost 0.7 percent last week, the first drop in four weeks.