Rebar Futures Rebound Amid Improved China Money Supply
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Steel reinforcement-bar in Shanghai rose for the first time in five days amid climbing ore prices as investors assessed improvement in China’s money markets.
Rebar for May delivery on the Shanghai Futures Exchange gained 0.4 percent, the most since Jan. 14, to end at 3,424 yuan ($566) a metric ton. It closed at 3,410 yuan yesterday, the lowest close for a most-active contract since Sept. 7, 2012.