Rebar Declines Most in One Month as China Data Trail Estimates

Steel reinforcement-bar futures in Shanghai dropped by the most in more than a month as China’s economic growth unexpectedly slowed in the first quarter, sparking a slump in commodities.

The contract for October delivery on the Shanghai Futures Exchange closed 2.6 percent lower at 3,738 yuan ($604) a metric ton at 3 p.m. local time. That’s the biggest drop for the most-active contract at close since March 4.