Rebar Futures Decline to Six-Week Low as Mills Increase Output
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Steel reinforcement-bar futures in Shanghai dropped for a fifth day, slipping to the lowest level in more than six weeks, on concern that increased production by steel mills will weigh on prices.
Rebar for delivery in January on the Shanghai Futures Exchange fell 0.3 percent to close at 3,647 yuan ($596) a metric ton, the lowest for a most-active contract since Aug. 1. The building material lost 1.8 last week.