Rebar Declines as Demand Seen Curbed by Slowing Chinese Economy
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Steel reinforcement-bar futures fell, paring the first weekly gain in five, on concern that growth in China will falter and Europe’s debt crisis may worsen.
Rebar for delivery in October on the Shanghai Futures Exchange fell 0.6 percent to close at 3,878 yuan ($624) a metric ton today, trimming this week’s gain to 0.5 percent.