Rebar Advances for Third Day as Chinese Manufacturing Expands

Steel reinforcement-bar futures climbed for a third day in Shanghai as the pace of manufacturing expansion increased in China, bolstering equities and commodities.

Rebar for delivery in October on the Shanghai Futures Exchange gained by 0.9 percent to close at 3,902 yuan ($628) a metric ton. Futures climbed about 4.3 percent since reaching a three-month low of from 3,741 yuan on March 14.