Rebar Rises to One-Week High as Traders’ Inventory Declines
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Steel reinforcement-bar futures in Shanghai rose for the first time in five days as traders’ inventory fell to the lowest in more than seven months.
Rebar for January delivery on the Shanghai Futures Exchange gained 0.8 percent to close at 3,752 yuan ($613) a metric ton today, the highest since Sept. 2. The contract fell to the lowest close in almost a month on Sept. 6.