China Rebar Has Biggest Gain in Three Months on Restocking Hopes
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Steel reinforcement-bar futures in Shanghai climbed the most in more than three months amid optimism that demand will pick up as traders replenish inventory and as iron ore prices rose.
Rebar for May delivery on the Shanghai Futures Exchange advanced 1.1 percent to close at 3,463 yuan ($572) a metric ton today, the biggest one-day gain for the contract since Oct. 14.