China Rebar Rises as Iron Ore Gains With Baosteel Raising Prices
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Steel reinforcement-bar futures climbed in Shanghai along with iron ore after China’s biggest listed steelmaker raised some products prices for February.
Rebar for May delivery on the Shanghai Futures Exchange gained 0.9 percent to close at 3,492 yuan ($578) a metric ton. Iron ore for May delivery on the Dalian Commodity Exchange advanced 1 percent to end at 880 yuan a ton, the first advance in five days.