Rebar Rises From 17-Month Low on Strong China Trade Growth Data
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Steel reinforcement-bar futures in Shanghai rose from the lowest level in more than 17 months as China’s trade growth unexpectedly accelerated in January and iron ore imports climbed to a record in January.
Rebar for May delivery on the Shanghai Futures Exchange gained 0.2 percent to close at 3,393 yuan ($560) a metric ton. Futures settled at 3,386 yuan yesterday, the lowest close for a most-active contract since September 2012.