China Rebar Drops as Iron Ore Price Slides, Steel Supply Gains
This article is for subscribers only.
Steel reinforcement-bar futures fell, extending the biggest weekly decline in two months, as domestic mill output increased and iron ore prices declined.
The contract for October delivery on the Shanghai Futures Exchange fell by 1.1 percent to close at 3,647 yuan ($590). Futures lost 4 percent last week, the biggest weekly decline since Feb. 22.